LONDON — Business continues to look rosier for beauty, with both Unilever and Beiersdorf reporting gains in sales and profits in the second quarter.
Personal care became Unilever’s largest category during the period when the business — which includes brands such as Dove, Sunsilk and Tigi — reported sales of 3.57 billion euros, or $4.55 billion. That represents a 7.8 percent organic sales increase on-year.
The Anglo-Dutch consumer goods giant said total sales gained 12.4 percent in the three months ended June 30 to reach 11.75 billion euros, or $14.99 billion, while net profits climbed 39 percent to 1.15 billion euros, or $1.47 billion.
Dollar figures have been converted from euros at average exchange rates.
Meanwhile, the Beiersdorf Group said second-quarter net profits rose 42.7 percent to 127 million euros, or $162.1 million. Group sales in the quarter rose 8.6 percent to 1.63 billion euros, or $2.08 billion.
Powered by the Nivea brand, the Hamburg-based group’s consumer division generates 86.5 percent of group sales. In Q2, the division posted an 18.6 percent gain in EBIT, which hit 166 million euros, or $211.8 million. Sales grew 6.6 percent to reach 1.41 billion euros, or $1.80 billion.
For complete coverage, see Friday’s WWD.