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Beiersdorf gives cautious outlook on slow adhesives sales
Posted on Thursday March 01, 2018
Beiersdorf (BEIG.DE), the maker of Nivea and other skin care products, gave a cautious outlook for 2018 on Thursday as it expects growth to slow in its adhesives business, while its consumer business should continue to outperform the market. Beiersdorf forecast its Tesa adhesives unit will record sales growth of 3 to 4 percent in 2018, down from 10.6 percent in 2017, while its margin on earnings before interest and taxation (EBIT) should be slightly below the 2017 level. It expects its consumer business, which makes Nivea and other skin brands such as Eucerin and La Praire to outperform the market in 2018 with sales growth of 4 to 5 percent and a slight increase in the EBIT margin from operations.
Nivea maker Beiersdorf looking for new finance chief
Posted on Thursday February 15, 2018
Beiersdorf (BEIG.DE), the maker of Nivea and other skin care products, said on Thursday it is looking for a new finance chief, but declined to comment on a magazine report that said the move was due to the dissatisfaction of a major shareholder. A spokeswoman confirmed a report in the Manager Magazin monthly that the supervisory board had decided not to extend the contract of Jesper Andersen that is due to end in June, but declined to give reasons. The magazine said the driving force behind the departure of the 47-year-old Dane was Michael Herz, co-owner of the coffee chain Tchibo.
Nivea maker Beiersdorf's 2017 organic growth beats own guidance
Posted on Monday January 08, 2018
Beiersdorf (BEIG.DE), the maker of Nivea and other skin care products, posted a 5.7 percent rise in organic group sales in 2017, faster than the 4 to 5 percent gain it had previously forecast, and said it was optimistic for 2018. Beiersdorf's organic sales, excluding exchange rate effects as well as the impact of acquisitions and divestments, rose to 7.1 billion euros (6.28 billion pounds), up from 6.8 billion a year earlier, the German consumer goods maker said on Monday. The Hamburg-based company cited particular strength at its consumer segment - which includes brands like Nivea, Eucerin, Hansaplast, and La Prairie - and its adhesives unit Tesa.
Nivea maker Beiersdorf outshines rivals with sales surge
Posted on Thursday October 26, 2017
Long-lasting Nivea body milk and other new products helped Beiersdorf (BEIG.DE) beat quarterly sales forecasts and raise its full-year target on Thursday, boosting its shares. Third quarter figures from the German consumer goods company contrasted with weaker-than-expected quarterly sales at Unilever, whose Dove products compete with Nivea, as well as Britain's Reckitt Benckiser. "After being off the radar for most of the year, we believe these strong numbers will make the market sit up and take notice," Morgan Stanley analysts said.