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Personal Care Brands Driving Beiersdorf H1 2016 Results

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Nivea helped boost its parent company's H1 2016 results.

Beiersdorf has reported that first-half 2016 group sales gains of 2.8%, totaling €3.358 billion, though nominal sales were down 1.3% from €3.402 billion (2015) due to negative exchange rate effects.

The consumer business segment recorded organic sales growth of 3.3% in the period, totaling €2.798 billion; nominal sales were down 1.0% on the previous year’s figure of €2.827 billion due to exchange rate effects.

Nivea increased sales by 4.2%, Eucerin by 1.0% and La Prairie by 6.2%.

For the full year, Beiersdorf "remains cautiously optimistic and confirms its guidance."

“Beiersdorf is continuing on its profitable growth path," said Stefan F. Heidenreich, CEO of Beiersdorf AG. "Once again, we were able to increase sales and profits, gaining market shares and defying a challenging market environment. The current economic and political developments across the world have increased both overall consumer uncertainty and competitive pressure. Being successful in such an environment is not a given. Beiersdorf continues to concentrate on its core strengths: its brands, its innovation capacity and expanding its presence in emerging markets. Overall, we are cautiously optimistic about the full year.”

 

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