Sales of its brands, which include Nivea, La Prairie and Juvena, grew 14.1 percent, to $2.61 billion, year-on-year. All figures are converted from the euro at current exchange rates.
The Cosmed division’s return on sales on an earnings-before-interest-and-taxes basis is expected to be about 13 percent, the company said in a release. Beiersdorf’s 90-year-old Nivea brand notched up “record sales” of about $2.2 billion in the period.
Group sales were up 10.3 percent, to $4.01 billion, “in line with previous projections.” At constant exchange rates, sales rose 11.2 percent year-on-year, and consolidation changes accounted for 0.2 percentage points.
The company said EBIT for group operating results is about $410.7 million, a return on sales of more than 10 percent. Profits after taxes surpassed $247 million, representing 6 percent of volume.
Beiersdorf’s supervisory board is scheduled to review and endorse the company’s financial statements at the end of March.
In other news, a Beiersdorf spokeswoman said the rumor heating up that the company has been sold is “nonsense.”