Beiersdorf reports 10.3% increase in Q1 provisional organic group sales to €2.22B, above current capital markets expectations; consumer business organic sales climb 11.6% year-on-year to €1.79B, while tesa segment sees sales grow 5.1% to €426M

Sample article from our Consumer packaged goods (CPG)

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.

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Dan Rivard
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