Beiersdorf Aktiengesellschaft / Key word(s): Preliminary Results/Development of Sales
Beiersdorf Aktiengesellschaft: Preliminary Business Figures 2017
08-Jan-2018 / 17:20 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Preliminary Business Figures 2017
According to preliminary, unaudited business figures now available, Beiersdorf Aktiengesellschaft, Hamburg, recorded a 5.7% increase in organic Group sales to EUR 7,055 million as against the prior-year period based on a very good business development in 2017 and a significant sales acceleration in the fourth quarter above the last released guidance (4-5%). Organic sales growth in the Consumer business segment amounted to 4.7% (sales of EUR 5,798 million; lastly forecasted approximately 4%) compared with the previous year, while in the tesa business segment it was 10.6% (sales of EUR 1,257 million; lastly forecasted about 8%).
According to the preliminary figures available now, Beiersdorf expects the EBIT margins for the Group and for the Consumer business segment to be slightly above previous year (previous year Group: 15%; previous year Consumer business segment: 14.8%); the EBIT margin for the tesa business segment is now expected to be significantly above previous year (previous year tesa: 16.2%). Due to the absence of one-time profits incurred in 2016 as well as losses from foreign exchange and from financial investments in 2017 Beiersdorf expects the profit after tax margin to be around 10% (previous year: 10.8%).
The final business results, in particular income and earnings figures, will not be available until the 2017 financial statements are prepared. They will be published on March 1, 2018.
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