BERLIN (Reuters) -Beiersdorf expects a recovery in travel retail and demand for sun care products to boost sales in 2022, when the Nivea maker also hopes for a rebound in sales of adhesives to the automotive industry. The German company plans to offset rising costs of raw materials by increasing prices and cutting costs, targeting a small increase in its operating margin in 2022, finance chief Astrid Hermann told analysts on Thursday. Beiersdorf made the forecasts after reporting third-quarter sales rose an underlying 4.3% to 1.9 billion euros ($2.2 billion), shy of some analysts' forecasts.
Nivea maker Beiersdorf's sales rose above pre-pandemic levels as demand for adhesives and its dermatological brands roared back, pushing the shares up by more than 5% in early trade on Thursday. Organic sales jumped 28.3% in the second quarter to deliver growth for the first half of 16.2%, achieving 3.87 billion euros revenue, a tad above the consensus estimate of 3.82 billion according to Refinitiv IBES data and the 2019 first-half figure of 3.84 billion euros. Beiersdorf's shares were up 5.5% at 0735 GMT, having earlier hit their highest level since early 2020.
Beiersdorf Aktiengesellschaft / Key word(s): PersonnelBeiersdorf Aktiengesellschaft: Change in the Chair of the Executive Board27-Apr-2021 / 18:41 CET/CESTDisclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.Change in the Chair of the Executive Board At today's meeting, the Supervisory Board of Beiersdorf Aktiengesellschaft, Hamburg, and the Chairman of the Executive Board, Stefan De Loecker, reached an amicable agreement that he will resign from the Executive Board as of 30 June 2021.The Supervisory Board appointed Vincent Warnery, currently responsible in the Executive Board for the "Pharmacy & Selective" as well as for the North America business, as Chairman of the Executive Board of the company with effect from 1 May 2021. The Supervisory Board also extended Mr. Warnery's appointment for a further five years until 31 January 2027.Contact:Dr. Jens GeißlerHead of Investor RelationsTel.: +49 (40) 4909 5000Fax: +49 (40) 4909 18 5000Anke SchmidtHead of Corporate CommunicationsTel.: +49 (40) 4909 2001Fax: +49 (40) 4909 251627-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Beiersdorf Aktiengesellschaft Unnastraße 48 20245 Hamburg Germany Phone: +49 (0)40 4909-0 Fax: +49 (0)40 4909-34 34 E-mail: kontakt@Beiersdorf.com Internet: www.Beiersdorf.com ISIN: DE0005200000 WKN: 520000 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1189537 End of Announcement DGAP News Service