BERLIN — Second-quarter net profits for consumer goods giant Beiersdorf AG rose 18.8 percent to 170 million euros, or $188 million.
The Hamburg-based producer of Nivea, Eucerin, and La Prairie posted earnings before interest and taxes (EBIT) up 16.6 percent to 253 million euros, or $279.8 million, on company sales that gained 7.7 percent to 1.7 billion euros, or $1.88 billion.
In the three-month period ended June 30, Beiersdorf’s consumer business registered a 18.4 percent gain in EBIT excluding special factors to 206 million euros, or $227.8 million. The division’s sales posted an uptick of 7.8 percent to 1.42 billion euros, or $1.57 billion. The performance marked an improvement over a muted first quarter, the company said.
Dollar figures are converted at average exchange for the period to which they refer.
In the first half, Beiersdorf’s net profits advanced 13.6 percent to 351 million euros, or $392.1 million, while EBIT excluding special factors increased 12.4 percent to 508 million euros, or $567.4 million. Group sales in the period were up 7.3 percent to 3.4 billion euros, or $3.8 billion. On an organic basis, sales rose 1.4 percent.
“Beiersdorf has continuously increased its effectiveness over the past months,” stated Beiersdorf chief executive officer Stefan F. Heidenreich. “Our business strategy has proven itself in a challenging market environment. We are expecting further accelerating growth in the second half of the year.”
Operating result for the firm’s consumer segment increased 11.5 percent to 410 million euros, or $458 million. The division’s sales gained 7.2 percent to 2.83 billion euros, or $3.16 billion, driven by stable sales in Europe and China and growth in the Americas. In organic terms, revenues advanced 1.6 percent.
Sales of Nivea rose 2.6 percent, Eucerin revenues increased 3.7 percent and La Prairie sales were flat.