Beiersdorf Posts Higher 2021 Profit; Sees Sales Growth in 2022

   By Olivia Bugault 
 

Beiersdorf AG on Tuesday reported a rise in profit for 2021, while it expects sales to grow this year.

The German company, which owns skincare brands including Eucerin, Nivea and Elastoplast, said profit after tax--which excludes special factors--was 699 million euros ($784.2 million), up from EUR636 million in 2020.

Sales rose 8.6% to EUR7.63 billion, it said.

"In view of the Covid-19-related challenges that still persist in many parts of the world, and, as a result, an unusually high degree of uncertainty with regard to future business prospects, the ability to make a reliable forecast is significantly limited," the company said.

Beiersdorf said it expects sales to grow in the mid-single-digits range this year, while its earnings before interest and taxes margin from continuing operations--excluding special factors--should be stable compared with 2021, when it came in at 13%.

Write to Olivia Bugault at [e-mail]

(END) Dow Jones Newswires

March 01, 2022 02:52 ET (07:52 GMT)

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