Share Name Share Symbol Market Type
Beiersdorf AG XE:BEI XETRA Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 97.98 98.06 98.12 0.00 01:00:00

Beiersdorf 1st Half Net Profit Rose on Growing Sales

05/08/2021 7:45am

Dow Jones News

Beiersdorf (XE:BEI)
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   By Pietro Lombardi 

Beiersdorf AG said Thursday that strong organic sales growth in the first half of the year pushed business above pre-crisis levels and led to higher profit for the period.

The German maker of Nivea skin cream posted net profit of 395 million euros ($467.6 million) for the first half, compared with EUR285 million a year earlier.

Sales rose 12% to EUR3.87 billion. On an organic basis, the top line grew 16%.

"We successfully managed to improve both sales and profitability compared to last year's first half - despite still volatile market conditions," Chief Executive Vincent Warnery said.

Looking ahead, the company expects to achieve sales growth in the high single-digit range this year, with earnings before interest and tax margin seen at the previous year's level.


Write to Pietro Lombardi at; @pietrolombard10


(END) Dow Jones Newswires

August 05, 2021 02:39 ET (06:39 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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