Beiersdorf Posts Higher 2021 Profit; Sees Sales Growth in 2022
March 01 2022 - 3:07AM
Dow Jones News
By Olivia Bugault
Beiersdorf AG on Tuesday reported a rise in profit for 2021,
while it expects sales to grow this year.
The German company, which owns skincare brands including
Eucerin, Nivea and Elastoplast, said profit after tax--which
excludes special factors--was 699 million euros ($784.2 million),
up from EUR636 million in 2020.
Sales rose 8.6% to EUR7.63 billion, it said.
"In view of the Covid-19-related challenges that still persist
in many parts of the world, and, as a result, an unusually high
degree of uncertainty with regard to future business prospects, the
ability to make a reliable forecast is significantly limited," the
company said.
Beiersdorf said it expects sales to grow in the
mid-single-digits range this year, while its earnings before
interest and taxes margin from continuing operations--excluding
special factors--should be stable compared with 2021, when it came
in at 13%.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
March 01, 2022 02:52 ET (07:52 GMT)
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