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25 Dec

Beiersdorf 2021 Sales Driven by Tesa, La Prairie and

by Beautifaire101
Beauty, Featured
PARIS — German consumer goods company Beiersdorf AG’s 2021 organic sales rose 9.7 percent to 7.63 billion euros, outpacing pre-pandemic levels of 2019. In reported terms, the Hamburg, Germany-based maker of Nivea products’ sales increased 8.6 percent, spurred by its Tesa, La Prairie and Derma businesses. Implied organic sales growth within the fourth quarter was around 2.6 percent, in keeping with Bernstein. “Beiersdorf seems to have had an OK end of the yr in organic growth…in step with consensus, but corporations reporting till now had material beats on organic growth,” wrote Bernstein analyst Bruno Monteyne in a note Tuesday. For the yr, Beiersdorf’s consolidated EBIT margin was up 10 basis points to 13 percent. The corporate’s Tesa Business Segment, producer of adhesives, posted organic growth...
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18 Dec

Beiersdorf Acquires Majority Stake in Skin Microbiome Specialist –

by Beautifaire101
Beauty, Featured
PARIS — Beiersdorf AG is expanding its knowledge of the skin’s microbiome with the acquisition of S-Biomedic NV. The German maker of Nivea, La Prairie and Tesa products said Friday that it has purchased a majority stake within the Belgian life-science company, which is touted as a pioneer in skin microbiome research field. Financial terms of the deal weren't disclosed. In an announcement released Friday, Beiersdorf described the microbiome as offering “unique starting points for break-through skincare innovations.” Over the past few years, beauty corporations have increasingly turned toward skin’s microbiome, where billions of bacteria live, as a key factor for skin health. Their research and development has resulted within the creation of latest products made to assist balance the microbiome which, when it’s...
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