Beiersdorf 2017 Revenue Rises on Strong Final Quarter

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Germany's consumer goods company Beiersdorf AG (BEI.XE) said Monday that its revenue for 2017 grew, boosted by a strong fourth quarter.

The company said that organic revenue growth was 7.06 billion euros ($8.5 billion), up 5.7% year-on-year. Organic sales in its consumer business segment were EUR5.8 billion, an increase of 4.7%. Beiersdorf said that organic sales in its tesa business grew by 11%.

Beiersdorf said that it expects the earnings before interest and taxes margin for the group and the consumer business segment to be slightly above the previous-year figures of 15% and 14.8%, respectively.

The company said that due to the absence of one-time profits incurred in 2016, as well as losses from foreign exchange and from financial investments in 2017, that its profit-after-tax margin to be around 10%.

Beiersdorf said that these results are preliminary and that the final business results will be published on March 1.

Write to Anthony Shevlin at

(END) Dow Jones Newswires

January 08, 2018 12:05 ET (17:05 GMT)