HAMBURG, Germany
,
April 8, 2022
(press release)
–
Beiersdorf AG started well in fiscal year 2022. According to its provisional figures, Beiersdorf achieved a substantial increase in organic Group sales of 10.3% (sales of €2,215 million) in the first quarter, above current capital markets expectations. Organic sales in the Consumer business segment climbed by 11.6% year-on-year (sales of €1,789 million). The tesa business segment reported organic sales growth of 5.1% (sales of €426 million). The 2022 full-year sales forecast published in March for the Consumer business segment remains unchanged in light of the ongoing volatile market environment. Beiersdorf anticipates sales growth in the mid-single-digit range for Consumer. Currently there are uncertainties due to the war in Ukraine, corona-driven lockdowns in China and inflationary pressure on raw material and logistics costs. Measures for mitigating this cost pressure have already been taken group-wide. The quarterly statement for January to March including a statement on the EBIT margin forecast for 2022 will be released on April 28, 2022.
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.
