Beiersdorf Aktiengesellschaft / Key word(s): Development of Sales
Beiersdorf Aktiengesellschaft: Sales growth in the first quarter of 2021 above capital markets expectations
07-Apr-2021 / 14:24 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Sales growth in the first quarter of 2021 above capital markets expectations
According to its provisional figures, Beiersdorf Aktiengesellschaft, Hamburg, achieved a substantial increase in organic Group sales of 6.3% (sales of €1,945 million) in the first quarter of 2021, which is above current capital markets expectations. Organic sales in the Consumer business segment climbed by 2.7% year-on-year (sales of €1,548 million), in particular driven by Beiersdorf’s skin care business performing above market. The tesa business segment gained organic sales growth of 23.6% (sales of €397 million) primarily as a result of strong demand in its industrial business (Electronics and Automotive).
At this stage, a reliable full-year forecast for 2021 is still difficult in light of the limited visibility related to the continued impact of the COVID-19 pandemic. There are no changes to the forecast published in February 2021: In 2021, Beiersdorf anticipates positive sales growth in both business segments and at Group level; the EBIT margin is expected to remain at prior year’s level in the Consumer business segment and in the Group (prior year Group: 12.9%; prior year Consumer: 12.3%), but to fall short of the prior year in the tesa business segment (prior year: 15.4%).
The company’s quarterly statement from January through March 2021 will be released on April 28, 2021.
|Phone:||+49 (0)40 4909-0|
|Fax:||+49 (0)40 4909-34 34|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1181940|
|End of Announcement||DGAP News Service|