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Organic sales in the consumer business segment climbed 11.6%.
April 8, 2022
By: TOM BRANNA
Editor
Beiersdorf AG, the maker of Nivea, Coppertone and other personal care brands, posted strong Q1 sales. According to its provisional figures, Beiersdorf achieved a substantial increase in organic group sales of 10.3% to €2,215 million ($2.4 billion at current exchange rates) in the first quarter. Organic sales in the consumer business segment climbed 11.6% to $1.94 billion. The Tesa business segment reported organic sales growth of 5.1% to $462 million. The company noted that currently there are uncertainties due to the war in Ukraine, corona-driven lockdowns in China and inflationary pressure on raw material and logistics costs. Measures for mitigating this cost pressure have already been taken group-wide, according to Beiersdorf. As a result, the 2022 full-year sales forecast published in March for the Consumer business segment remains unchanged in light of the ongoing volatile market environment. Beiersdorf anticipates sales growth in the mid-single-digit range for the consumer business.
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