Beiersdorf Q1 Report 2023

• Group: Sales increase to €2.5 billion (+12.2% in organic terms)
• Consumer Business Segment: Sales rise to €2.1 billion (+14.8% in organic terms)
• Strong, broad-based growth: NIVEA (incl. Labello) +18%, Derma +26.9%, La Prairie –12%, Healthcare +7.6%
• tesa Business Segment: Sales amount to €424 million (+0.9% in organic terms)
• Guidance for 2023: Organic sales growth in the mid-to-high single digits expected for the Group and the Consumer Business Segment

Group sales amounted to €2.5 billion in the first quarter, representing organic growth of 12.2%. The Consumer Business Segment generated sales of €2.1 billion and strong organic sales growth of 14.8%. In addition to the consistently successful Derma business with the Eucerin and Aquaphor brands, NIVEA had an outstanding first quarter, particularly in Europe and in the Emerging Markets. The tesa Business Segment recorded organic growth of 0.9% year-on-year. tesa’s sales in the first quarter came to €424 million.

The core brand NIVEA – including Labello – grew organically by 18% year-on-year in the first quarter. Growth was led by the sun care, lip care, and deodorants categories. In addition, double-digit sales increases were also seen in face care. This growth was underpinned by price increases and a positive volume contribution for the entire portfolio. NIVEA recorded double-digit growth in all key markets.