Beiersdorf: at half-mast after annual results

(CercleFinance.com) - Beiersdorf shares are down 3% in Frankfurt, after the cosmetics group published 2023 EPS of E3.
24, compared with E3.33 the previous year, despite an EBIT margin excluding exceptional items that improved 0.2 point to 13.4%.

Sales reached a record E9.45bn, up 10.8% organically (+7.4% in nominal terms), with growth in Nivea, derma and health products offsetting difficulties at La Prairie and Chantecaille.

A 43% increase in the 2023 dividend to one euro will be proposed, as well as share buybacks worth E500m. For 2024, the group is targeting mid-single-digit organic revenue growth, with a slightly higher EBIT margin.


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