Beiersdorf Reports 11.1% Increase in Net Profits

The Hamburg-based company’s group sales rose 3.7 percent to 4.57 billion euros.

BERLIN — For the first nine months of its fiscal year, German cosmetics and adhesives maker Beiersdorf AG registered an 11.1 percent rise in net profits, excluding special factors to 370 million euros, or $474.3 million.

The Hamburg-based company’s group sales rose 3.7 percent to 4.57 billion euros, or $5.86 billion, for the period ending Sept. 30, up 3.6 percent at constant exchange rates. Operating results (EBIT), excluding special factors,  rose 16.9 percent to 575 million euros, or $737.2 million.  

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Sales for Beiersdorf’s consumer segment rose 3.7 percent to 3.82 billion euros, or $4.9 billion. The uptick was driven by growth in emerging markets, which now account for 48 percent of total consumer segment sales, the company said. The company’s core brands all contributed to the rise, with Nivea and Eucerin both improving sales by 5.4 percent, and La Prairie reporting a bump of 4.8 percent. 

The company’s third-quarter operating results leapt 30.3 percent on-year to 185 million euros, or $231.5 million, with sales in the period up 9.5 percent to 1.5 billion euros, or $1.88 billion.

July-September revenues for Beiersdorf’s consumer division were up 10.2 percent to 1.26 billion euros, or $1.58 billion.

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

Beiersdorf confirmed its forecast for fiscal year 2012, stating it expected sales growth of 3 percent to 4 percent and an EBIT margin of around 12 percent, with the  same figures for both total sales  and consumer sales.