Beiersdorf Q3 Report 2023

• Group: Continued double-digit sales growth (organic +11.2%), with sales rising to €7.3 billion in the first nine months of 2023
• Consumer Business Segment with strong sales growth of +13.6%, reaching sales of €6.0 billion
• NIVEA (including Labello) +17.5% and Derma +24.8% with remarkable growth performances in the first nine months, followed by Healthcare with +4.3%, offsetting decrease of –15.8% at La Prairie which is primarily influenced by continued negative effects of “daigou” business and subsequent active destocking of the travel retail channel
• tesa Business Segment: Sales reach €1.3 billion (organic +1.3%)
• Sales guidance upgraded for 2023: Organic sales growth in low double-digit range expected for the Group and Consumer Business Segment

The substantial increase of Group sales to €7.3 billion drove organic growth of 11.2%. The Consumer Business Segment saw organic sales growth of 13.6%, generating sales of €6.0 billion. The main drivers of these great results were the continuous global success of NIVEA and the Derma business with the brands Eucerin and Aquaphor. The tesa Business Segment recorded organic growth of 1.3% year on year, reaching sales of €1.3 billion in the first three quarters.