Beiersdorf Profits Rise 24.3% in Q1

Company sales in the period gained 2.9 percent.

PARIS — Beiersdorf AG said its profits after tax rose 24.3 percent in the first quarter of 2013.

The Hamburg, Germany-based maker of Nivea, La Prairie and Eucerin reported that after-tax income reached 155 million euros, or $204.7 million, in the three months ended March 31.

Earnings before interest and taxes (EBIT) grew 17.3 percent to 215 million euros, or $284 million, in the period.

Group sales increased 2.9 percent to 1.58 billion euros, or $2.08 billion. On a like-for-like basis, Beiersdorf’s revenues advanced 5.4 percent.


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Dollar figures are converted from the euro at average exchange for the period to which they refer.

The company’s consumer products division posted a 3.2 percent rise in sales to 1.32 billion euros, or $1.74 billion, boosted by business in emerging markets. Organic revenues for the branch grew 5.7 percent.

Sales at Beiersdorf’s Tesa adhesive division advanced 1.2 percent to 259 million euros, or $342.1 million. At constant group structure and exchange, its sales were up 3.6 percent.

The company reiterated that its revenues should grow faster than the market this year and that the EBIT margin is expected to be higher than last year’s 12 percent.

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