BERLIN (dpa-AFX) - Nivea maker Beiersdorf AG (BDRFY.PK, BDRFF.PK) said that it expects profit after tax margin for fiscal year 2017 to be around 10%, compared to 10.8% reported last year, due to the absence of one-time profits incurred in 2016 as well as losses from foreign exchange and from financial investments in 2017.
According to preliminary, Beiersdorf reported 5.7% increase in organic Group sales to 7.055 billion euros as against the prior-year period based on a very good business development in 2017 and a significant sales acceleration in the fourth quarter above the last released guidance (4-5%). Organic sales growth in the Consumer business segment amounted to 4.7% compared with the previous year, while in the tesa business segment it was 10.6%.
Beiersdorf expects the EBIT margins for the Group and for the Consumer business segment to be slightly above previous year (previous year Group: 15%; previous year Consumer business segment: 14.8%); the EBIT margin for the tesa business segment is now expected to be significantly above previous year (previous year tesa: 16.2%).
The final business results, in particular income and earnings figures, will not be available until the 2017 financial statements are prepared. They will be published on March 1, 2018.
Copyright RTT News/dpa-AFX