×
161
Fashion Jobs
LIFESTYLE BRANDS
Area Manager-Projects Execution (Telangana &Amp; Andra Pradesh)-Hyderabad
Permanent · BENGALURU
LIFESTYLE BRANDS
Brand Financial Manager - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Brand Training Manager, Planet Fashion - Bangalore
Permanent · BENGALURU
DA MILANO LEATHERS PRIVATE LIMITED
Assistant Manager- Payroll
Permanent · DELHI
UNIVERSAL MANAGEMENT CONSULTANTS
Head of Human Resource
Permanent · BENGALURU
UNIVERSAL MANAGEMENT CONSULTANTS
Head of Human Resource
Permanent · DELHI
KOELLE DESIGNS PRIVATE LIMITED
Assistant Manager Purchase
Permanent · JAIPUR
CAREERMARK 6
HR Manager
Permanent · HIRIYUR
LINEN DESIGN COMPANY PVT.LTD
Senior Corporate Sales Manager
Permanent · GURUGRAM
UNITED HR SOLUTIONS PVT LTD
Business Development
Permanent · AHMEDABAD
AND DESIGNS INDIA LTD.
Buyer & Planner
Permanent · NAVI MUMBAI
GREENFIELD RESOURCES PVT. LTD.
Business Development Executive
Permanent · AHMEDABAD
GENIUS CONSULTANTS LIMITED
Head of Department - Cost Accountant
Permanent · KOLKATA
LIFESTYLE BRANDS
Brand Training Manager, Peter England - Bangalore
Permanent · BENGALURU
PLACEMENT PANDITS CONSULTING
Operations Manager-Garment Industry
Permanent · GURUGRAM
LIFESTYLE BRANDS
Area Sales Manager-Patna
Permanent · BENGALURU
LIFESTYLE BRANDS
Group Manager - E-Commerce Product (B2B)
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Product, Louis Philippe
Permanent · BENGALURU
PANTALOONS HO
Senior Executive - Marketing
Permanent · PUNE
LIFESTYLE BRANDS
Manager - Trade Channel, Finance
Permanent · BENGALURU
LIFESTYLE BRANDS
Assistant Manager- Design, Casuals- pe
Permanent · BENGALURU
LIFESTYLE BRANDS
Executive -Key Accounts (Mis),lp
Permanent · BENGALURU

Beiersdorf Q1 core profit beats expectations

By
Reuters
Published
today May 7, 2015
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

HAMBURG, Germany - Germany's Beiersdorf on Thursday reported a bigger than expected rise in first-quarter core profit helped by demand for its products in Eastern Europe.


The maker of Nivea skin cream posted first-quarter earnings before interest and tax (EBIT) of 255 million euros ($290 million), beating analysts' estimates of 245 million euros.

"After laying some important groundwork in the first quarter, we will pick up momentum over the coming months and consequently continue on our profitable growth path," Chief Executive Stefan Heidenreich said in a statement.

Beiersdorf shares were seen 1.6 percent higher at 0646 GMT against an indication for a 0.6 percent lower German blue-chip index DAX

The German company's consumer division, which accounts for about 80 percent of group sales and includes its skin and hair-care brands, saw a 10 percent growth in Eastern Europe, particularly in Russia and Poland in the three months to end-March.

The unit's sales in Western Europe, including its home market Germany declined. Local rival Henkel, which missed analyst expectations for its earnings before interest and tax (EBIT) also reported a strong sales increase in Russia.

Beiersdorf reiterated it expects group sales to grow by 3 to 5 percent in 2015 and it sees its consolidated EBIT margin from operations slightly exceeding the prior-year figure.

The group also appointed Denmark-born Jesper Andersen, 45, as new Finance Chief. 
Andersen, who held the same position for Colgate-Palmolive's North America business in the past, will start September 1 and gradually take over from Ulrich Schmidt who will retire end of March next year, Beiersdorf said.
($1 = 0.8804 euros)

© Thomson Reuters 2020 All rights reserved.