87 206
Fashion Jobs
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · CLERMONT
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · DACULA
KOHLS
Technical Project Manager, Remote
Permanent · MENOMONEE FALLS
NAVY EXCHANGE
Vending Operations Clerk PT
Permanent · FALLON
NAVY EXCHANGE
Director, Facility Design %26 Construction
Permanent · VIRGINIA BEACH
NAVY EXCHANGE
Buyer (Level i And Level II) - Various Categories
Permanent · VIRGINIA BEACH
SPECIALIZED
Brand Development Manager - Michigan
Permanent · LANSING
ECCO
Third Keyholder
Permanent · ELIZABETH
ECCO
Third Keyholder
Permanent · LAS VEGAS
ECCO
Sales Manager - National Accounts (Remote)
Permanent · LONDONDERRY
ECCO
Third Keyholder
Permanent · ROSEMONT
LULULEMON
Community Specialist | Summit, Springfield Ave
Permanent · SUMMIT
LULULEMON
Expeditor | Cherry Creek
Permanent · DENVER
LULULEMON
Community Specialist | Friendly Center
Permanent · GREENSBORO
NORDSTROM
Customer Service Representative - Hillsdale Shopping Center
Permanent · SAN MATEO
NORDSTROM
Retail Stock - Mercer Mall Rack
Permanent · LAWRENCE TOWNSHIP
NORDSTROM
Manager- Service Experience- Baton Rouge Mall Rack
Permanent · BATON ROUGE
NORDSTROM
Retail Stock - Sugar House Rack
Permanent · SALT LAKE CITY
NORDSTROM
Asset Protection - Agent - Aventura
Permanent · AVENTURA
NORDSTROM
Retail Stock - Northwoods Rack
Permanent · SAN ANTONIO
NEIMAN MARCUS
Business Manager Tom Ford, Beauty (PT, 35 Hours) - FT. Worth
Permanent · FORT WORTH
NEIMAN MARCUS
Sales Manager, Designer Rtw
Permanent · CORAL GABLES
By
Reuters
Published
Mar 1, 2012
Download
Download the article
Print
Text size

Beiersdorf sees 2012 profit improving after revamp

By
Reuters
Published
Mar 1, 2012

HAMBURG - German consumer goods group Beiersdorf said it expected profits to improve in 2012 after axing unprofitable lines and focusing investment on its key Nivea brand as it prepares for the arrival of a new chief executive next month.


Image: Nivea

The Hamburg-based group has been losing market share to rivals in recent years, and is revamping its product line behind the world's largest skincare brand, Nivea, as the group's controlling Herz family shareholder pushes for a turnaround.

The group, which also makes La Praire luxury skincare and Labello lip balm, in January reported better than expected 2011 earnings and profit margins suggesting a slow recovery may be starting to gather pace.

It said on Thursday that the EBIT margin -- earnings before interest and tax as a percentage of sales -- in its core consumer division should exceed that of 2011, when it dropped to 11.4 percent from 12.7 percent in 2010.

New chief executive Stefan Heidenreich takes over in April being plucked from Swiss babyfood and jams group Hero to drive change, and if he fails it could lead to increase speculation over Beiersdorf becoming a takeover target

The group, which also has an industrial adhesives division, proposed an unchanged dividend of 0.70 euros ($0.94), compared with expectations for a slight fall to 0.68 euros in a Reuters poll. ($1 = 0.7476 euros) (Reporting by Victoria Bryan)

© Thomson Reuters 2024 All rights reserved.