×
42 707
Fashion Jobs
TAPESTRY
Manager, na Events
Permanent · New York
TAPESTRY
Analyst, CRM
Permanent · New York
TAPESTRY
Art Director Sale & Outlet
Permanent · New York
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Keystone
AEROPOSTALE
Nautica Visual Merchandising Manager
Permanent · New York
BLOOMINGDALE'S
Senior Group Sales Manager: Bloomingdale’s Chestnut Hill, Boston ma
Permanent · Chestnut Hill
BLOOMINGDALES.COM
Fine Jewelry Business Sales Manager: Bloomingdale’s Stanford, Palo Alto ca
Permanent · Palo Alto
BLOOMINGDALE'S
Visual Merchandise Manager: Bloomingdale’s King of Prussia, PA
Permanent · King of Prussia
BLOOMINGDALES.COM
Clarins Cosmetics Business Manager
Permanent · Skokie
ESTÉE LAUDER
Retail Beauty Sales Manager - Estee Lauder - (The Forum) - Norcross, ga
Permanent · Atlanta
LE LABO
Account Executive, East Coast, le Labo Fragrances
Permanent · New York
LE LABO
Account Coordinator, East Coast, le Labo Fragrances
Permanent · New York
CLINIQUE
Full Time Consultant - 40Hrs - Clinique - Dillards st Johns Town Center - Jacksonville, fl
Permanent · Jacksonville
CLINIQUE
Business Manager - 40Hrs - Clinique - Dillards st Johns Town Center - Jacksonville fl
Permanent · Jacksonville
ADIDAS
Operations Manager 1
Permanent · Wilkes-Barre
ADIDAS
Director, Trade Marketing
Permanent · Portland
ADIDAS
Assistant Key Account Manager, Nordstrom
Permanent · Portland
ADIDAS
Senior Manager Dpc Partner Operations
Permanent · Portland
GAP
Merchandise Planner - Sweaters - na Speciality
Permanent · New York
GAP
General Manager - Encinitas Village
Permanent · Encinitas
GAP
General Manager - The Sands Oceanside
Permanent · Oceanside
GAP INC
Manager, Network Separation Strategy And Operations: Brand Ops Pmo
Permanent · San Francisco

Nivea maker Beiersdorf raises profit forecast, trims sales

By
Reuters
Published
today Nov 4, 2015
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Nivea skin cream maker Beiersdorf raised its margin guidance for 2015 after it posted a 55 percent increase in its third-quarter operating profit as new products and higher prices boosted profitability.

Earnings before interest and tax (EBIT) reached 242 million euros ($265 million) on sales up 5.7 percent to 1.633 billion euros, just shy of average analyst forecasts for 244 million euros and 1.67 billion euros, respectively.


"We are growing against the market trend and are advancing our position even under challenging conditions," Chief Executive Stefan Heidenreich said in a statement.

The world No.2 in skin care after L'Oreal trimmed its full-year sales growth target to 3-4 percent from a previous 3-5 percent, but said its EBIT margin from operations should "significantly exceed" the prior-year figure of 13.7 percent, after previously saying it would "slightly exceed" it.

That improvement was driven by its consumer division, which accounts for about 80 percent of sales and includes its skin and hair-care brands. It saw its EBIT margin improve to 14.4 percent in the first nine months from last year's 13.5 percent, while sales growth accelerated.

However, Beiersdorf cut its outlook for its Tesa unit, which makes industrial adhesives, saying it now expects the 2015 EBIT margin to be similar to last year from a previous aim to "slightly exceed", while sales should be at last year's level from a previous target for 1-3 percent growth.

Rival Henkel missed expectations for sales growth in the second quarter, mainly due to a slowdown in its adhesives business in North America and China.

Under Heidenreich, who took the helm in 2012, Beiersdorf has sharpened its focus around the Nivea brand, investing in new formulas and products. It has also raised prices over the past months to limit the impact of weakening currencies in countries like Russia and Latin America.

$1 = 0.9143 euros


 

© Thomson Reuters 2020 All rights reserved.