Beiersdorf profits drop but market share improves

Published: 4-Nov-2009

The German producer of the Nivea range, Beiersdorf AG, was able to improve sales in Q3. Group chairman, Thomas Quaas, said that as in earlier quarters the Nivea and Eucerin brands were able to increase market share globally though business by the La Prairie group in the luxury products segment was still down compared with last year.


The German producer of the Nivea range, Beiersdorf AG, was able to improve sales in Q3. Group chairman, Thomas Quaas, said that as in earlier quarters the Nivea and Eucerin brands were able to increase market share globally though business by the La Prairie group in the luxury products segment was still down compared with last year.

Group net profits in Q3 this year fell 9.3% to €98m with pre-tax earnings down 6.5% at €144m. Sales in the quarter dipped 3% to €1.4bn. Group business growth came largely from the cosmetics brands with sales up in both Germany and the emerging markets of China, Brazil and the rest of Latin America. The company says it expects cosmetics to generate a margin of around 11% for the year as a whole.

See more

You may also like

Skin Care

The Ordinary co-founder Nicola Kilner to cede Deciem CEO role

Read more
Kilner will step down as CEO at the end of the year, but will remain as co-founder and continue to be involved

Trending Articles

  1. Drunk Elephant initiates voluntary product recall in the US The skin care brand said there was an isolated ingredient mix-up between preservatives and surfactants during production
  2. Phlur and Rhode crowned 2024’s biggest brands by search growth The Cosmetify report on beauty’s dominant brands put Summer Fridays in third place
  3. Paris Hilton is expanding her beauty empire The American singer and actress is launching a new beauty business through her media company 11:11 Media
  4. Space NK full-year sales jump as Gen Z shoppers drive sales The UK retailer is also expanding its portfolio with ten additional stores, which has already seen a store open in Sheffield
  5. Revlon relocates New Jersey R&D hub to ‘further amplify’ its capabilities The move marks an ‘exciting step’ in Revlon’s future, says CSO

Upcoming event

Cosmoprof India 2024

5-7 December 2024 | Mumbai, India See all

You may also like

Skin Care

The Ordinary co-founder Nicola Kilner to cede Deciem CEO role

Kilner will step down as CEO at the end of the year, but will remain as co-founder and continue to be involved
You need to be a subscriber to read this article.
Click here to find out more.
Colour Cosmetics

90s fragrance revival to help TikTok deliver ‘record-breaking Christmas sales’

Black Friday is predicted to deliver triple-digit growth on the platform, thanks in part to demand for nineties fragrances and viral make-up items
Colour Cosmetics

Game of Thrones actress Nathalie Emmanuel is fronting Armani Beauty

Emmanuel will serve as the Global Make-up Ambassador for the Luminous Silk Foundation campaign
You need to be a subscriber to read this article.
Click here to find out more.
Body Care

Cosmetics Business Picks: 7 beauty launches out now

Cosmetics Business rounds up the hottest launches in November, including a new Kayali fragrance launch and new dry shampoo from Biotech brand K18
Colour Cosmetics

Helen of Troy buys nail brand Olive & June for $225 million

The brand owner will build on Olive & June’s consumer perception strength and help expand its availability
Finance

e.l.f. Beauty hits back at ‘unsubstantiated’ short seller report

A 48-page report issued by Muddy Waters has alleged that the US beauty giant had “inflated” its revenue and profits
Hair Care

Opal Cosmetics Group brings AI-powered skinification to hair care at COSMOPROF Asia 2024

At COSMOPROF Asia Hong Kong 2024, Opal Cosmetics Group Limited (“Opal”) launched COSMOLAB, an interactive installation developed in collaboration with Cosmopack Asia
Subscribe now