Beiersdorf: operating margin falls in H1

(CercleFinance.com) - The German cosmetics manufacturer Beiersdorf has announed H1 2019 adjusted operating profit of 593 million euros, representing a margin that is down 0.
8 point at 15.4%.

The group explains that its margin was impacted by investments as part of its CARE+ strategy, while its sales rose by 6.2% to 3.61 billion euros (+4.8% in organic terms).

The operator of the Nivea and Tesa brands confirms that it expects FY sales growth of between 3% and 5%, with a consolidated operating margin for continuing operations that is expected to be around 14.5%.

At just before 10 am, the share is up almost 1.3%.


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