In This Article:
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Organic Sales Growth (Consumer Division): +2.3% in Q1 2025.
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Nominal Sales Growth (Consumer Division): +1.9% in Q1 2025.
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Organic Sales Growth (Tesa Division): +10.7% in Q1 2025.
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Nominal Sales Growth (Tesa Division): +11.2% in Q1 2025.
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Group Organic Sales Growth: +3.6% in Q1 2025.
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Group Nominal Sales Growth: +3.3% in Q1 2025.
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NIVEA Organic Sales Growth: +2.5% in Q1 2025.
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Derma Brands Organic Sales Growth: +11.4% in Q1 2025.
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Healthcare Business Sales Growth: +10.8% in Q1 2025.
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La Prairie Organic Sales Decline: -17.5% in Q1 2025.
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Chantecaille Sales Growth: +15.9% in Q1 2025.
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Western Europe Organic Sales Growth: +2.1% in Q1 2025.
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Eastern Europe Sales Growth: +0.3% in Q1 2025.
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Americas Organic Sales Growth: +3.7% in Q1 2025.
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Africa, Asia, Australia Organic Sales Growth: +1.9% in Q1 2025.
Release Date: April 15, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Beiersdorf AG (BDRFF) achieved a 2.3% organic sales growth in the consumer segment, despite a challenging prior year comparison.
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The Derma brands, Eucerin and Aquaphor, reported strong double-digit organic sales growth of 11.4%, driven by successful innovations and market expansions.
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The healthcare business, including Hansaplast and Elastoplast, experienced a 10.8% sales growth, supported by new product launches.
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Tesa division recorded an impressive 10.7% organic sales growth, bolstered by a strong performance in the electronics segment.
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The company is strategically repositioning in China, focusing on skincare and digital channels, setting the foundation for future growth.
Negative Points
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Sales of La Prairie declined by 17.5% due to challenges in China and the travel retail market, necessitating destocking activities.
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The repositioning efforts in China negatively impacted NIVEA's results, contributing to a slower growth rate in the region.
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The automotive market continues to pose challenges for Tesa, with recent tariff developments adding further complications.
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The consumer business in the Africa, Asia, Australia region was significantly affected by repositioning measures in China, resulting in lower growth.
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Beiersdorf AG (BDRFF) faces uncertainties in the global economy, including geopolitical tensions and tariff policies, which could impact consumer confidence and business performance.
Q & A Highlights
Q: How are US tariffs affecting Beiersdorf, and what is the outlook for La Prairie's growth? A: Vincent Warnery, CEO, explained that Beiersdorf is minimally impacted by US tariffs as two-thirds of their US sales are produced in the US or Mexico, which is covered by free trade agreements. Regarding La Prairie, the company expects better performance in Q3 and Q4, following destocking efforts in Q1 and new product launches. E-commerce growth, particularly in China, is also expected to support La Prairie's recovery.