BERLIN — Beiersdorf AG’s third-quarter net profits leapt 43 percent to 163 million euros, or $181.3 million, bolstered by an improved performance versus the same prior-year period, when the company was negatively impacted by special factors related to Chinese hair-care brands in its consumer business.
Earnings before interest and taxes (EBIT) for the Hamburg-based firm rose 55.1 percent to 242 million euros, or $269.18 million, in the July-to-September period.
Dollar figures are converted at average exchange rates for the period to which they refer.
The maker of Nivea, Eucerin and La Prairie registered third-quarter group sales of 1.63 billion euros, or $1.81 billion, an increase of 5.2 percent. Consumer sales rose 6.1 percent to 1.35 billion euros, or $1.5 billion.
For the first nine months of 2015, Beiersdorf net profits advanced 10.5 percent excluding special factors to 514 million euros, or $573.2 million.
Group EBIT excluding special factors increased 11.9 percent to 750 million euros, or $836.3 million, with the EBIT margin improving to 14.9 percent against last year’s 14.2 percent.
Nine-month group sales rose 6.8 percent to 5.04 billion euros, or $5.62 billion. On an organic basis, the gain was 2.7 percent.
Consumer division EBIT for the period ended Sept. 30 improved 13.8 percent to 602 million euros, or $671.3 million, while sales increased 6.8 percent to 4.17 billion euros, or $4.65 billion.
Sales of Nivea grew by 4 percent, Eucerin by 4.8 percent and La Prairie by 2.1 percent. Results were boosted by stable performances in China and Europe. Sales in Eastern Europe expanded by 7.3 percent, with Russia contributing significantly. Growth was seen in the Africa, Asia and Australia region, as well as in the Americas, where Latin American sales surged 13 percent.
“We are growing against the market trend and are advancing our position even under challenging conditions,” stated Beiersdorf chief executive officer Stefan F. Heidenreich.
Beiersdorf confirmed its forecast for 2015, saying it expected both group sales and consumer sales to increase 3 percent to 4 percent and significantly improve EBIT margins for the group and consumer division versus last year.