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25 Dec

Beiersdorf 2021 Sales Driven by Tesa, La Prairie and

by Beautifaire101
Beauty, Featured
Beiersdorf 2021 Sales Driven by Tesa, La Prairie and
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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27 Apr

Prestige Beauty Sales Grew 16 Percent In Q1 2023,

by Beautifaire101
Beauty, Featured
Prestige Beauty Sales Grew 16 Percent In Q1 2023,
Faced with mounting economic turmoil, beauty sales aren’t faltering yet. In keeping with data from Circana, prestige beauty sales reached $6.6 billion throughout the first quarter, up 16 percent from the identical period last 12 months (and so continuing 2022’s trend of double-digit increases inside each category). Mass beauty also continued to swell, ringing in $7 billion in sales — a ten percent increase versus the identical period last 12 months. Each category inside the mass channel saw double-digit dollar sales increases, aside from hair care, which grew 7 percent. It’s price noting, though, that while the expansion in prestige beauty sales has been largely on account of increasing unit sales, mass beauty sales against this grew mainly due to...
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