BERLIN — Beiersdorf AG reported its net profits for 2014 rose 8.2 percent and reiterated its 2015 forecast of sales growth between 3 and 5 percent.
Net income for the maker of Nivea, Eucerin, and La Prairie was 581 million euros, or $772.3 million last year, excluding special factors.
Beiersdorf’s 2014 adjusted operating profit (EBIT) increased 5.8 percent to 861 million euros, or $1.14 billion, and the adjusted EBIT margin inched up to 13.7 percent, against 13.2 percent in 2013.
In its annual report released in tandem with the results, the Hamburg-based company confirmed previously released group sales figures of 6.29 billion euros, or $8.36 billion, a rise of 2.3 percent.
Adjusted operating profits for Beiersdorf’s consumer products division increased 6.3 percent to 678 million euros, or $901.3 million. Sales grew by 2.1 percent to 5.21 billion, or $6.93 billion.
Beiersdorf’s adhesive division Tesa turned in adjusted operating profits of 183 million euros, or $243.3 million, a rise of 4 percent on-year. Tesa’s sales for 2014 increased 3.6 percent to 1.08 billion euros, or $1.44 billion.
Dollar figures are converted at average exchange for the period in question.