Beiersdeorf Half-Year Report 2023

• Group: Sales rise to €4.9 billion (organic +12.3%), EBIT margin excluding special factors at 17.3%
• Consumer Business Segment outpaces market: Sales increase to €4.1 billion (organic +14.9%)
• Strong, broad-based growth for NIVEA (including Labello) at +18.4%, Derma +26.1% and Healthcare +5.4%; Daigou business in Asia impacts La Prairie –9.9%
• tesa Business Segment: Sales of €828 million (organic +1.2%)
• Sales guidance increased for 2023: Organic sales growth in the high single-digit to low double-digit range expected for the Group and Consumer Business Segment

Beiersdorf is maintaining its good growth momentum and has achieved a strong rise in sales and high profitability in the first six months of 2023. Group sales reached €4.9 billion (previous year: €4.5 billion) and were up by 12.3% in organic terms. The Group also significantly improved its operating result (EBIT) excluding special factors to €852 million in the first half of the year (previous year: €710 million). This corresponds to an EBIT margin (excluding special factors) of 17.3% (previous year: 15.9%). The impressive result was substantially driven by the global success of the core brand NIVEA (+17.9%) and the dermatological brands Eucerin and Aquaphor (+26.1%).