BERLIN — Consumer-goods giant Beiersdorf AG reported its net profits for 2015 increased 15.5 percent, while forecasting above-market sales growth for 2016.
Net income for the Hamburg-based firm was 671 million euros, or $744.9 million, last year.
The maker of Nivea, Eucerin and La Prairie registered adjusted operating profit of 962 million euros, or $1.07 billion, an uptick of 11.6 percent on-year. The adjusted EBIT margin rose to 14.4 percent, a new record according to the company.
In its annual report released on Wednesday, Beiersdorf confirmed its group 2015 sales growth of 6.4 percent to 6.69 billion euros, or $7.43 billion. Sales rose organically at 3 percent, as previously reported.
Dollar figures are converted at average exchange for the period in question.
Beiersdorf’s consumer products division saw a 13.7 percent increase in adjusted operating profits to 771 million euros, or $855 million. Sales last year for the division were confirmed as rising 6.5 percent to 5.55 billion euros, or $6.1 billion. Revenues advanced 3.6 percent in organic terms.
Organic sales increased in every region, the company said.
Sales of Nivea advanced 4.5 percent, Eucerin revenues were up 5.4 percent and La Prairie sales improved by 1.2 percent.
Tesa, Beiersdorf’s adhesives division’s operating profits of 191 million euros, or $212 million, gained 4.4 percent. As reported, its sales grew 5.9 percent to 1.14 billion euros, or $1.27 billion. The division’s revenues rose 0.4 percent in organic terms.
“Our results in 2015 clearly show that we have made Beiersdorf more resilient and that we continue on a sustainable, profitable growth path even under challenging economic conditions,” stated Beiersdorf chief operating officer Stefan Heidenreich. “This is a solid foundation for further economic success in 2016.”
Beiersdorf said it anticipated group sales and sales for its consumer division to rise 3 percent to 4 percent this year, outperforming the market.