Beiersdorf: buoyant after annual results
(CercleFinance.com) - Beiersdorf shares are up 3% in Frankfurt this morning, after the cosmetics group reported 2024 EPS of E4.
05, up 25% from E3.24 the previous year, with the operating margin (excluding exceptional items) improving by 0.5 point to 13.9%.
Sales reached a record E9.85bn, with organic growth of 6.5% driven mainly by the consumer business (+7.5%), while tesa (+1.9%) suffered from a very difficult global market.
At its AGM on 17 April Beiersdorf will propose that the dividend for 2024 be confirmed at E1 per share. Following the success of a share buyback program in 2024, it will launch a new program worth up to E500m.
For 2025, the parent company of the Nivea and La Prairie brands, amongst others, anticipates organic sales growth of 4% to 6%, as well as an operating margin (excluding exceptional items) slightly above the previous year's level.
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