Beiersdorf grows further in challenging environment
Beiersdorf continued its upward trend in the first six months of 2016. Group sales increased organically by 2.8%. At €3.358 billion, nominal sales were down 1.3% from €3.402 billion due to negative exchange rate effects. Group EBIT excluding special factors rose from €508 million to €513 million. The EBIT margin continued to improve, reaching 15.3% compared with last year’s 14.9%. This was despite poor macreconomic conditions in many markets. For the full year, Beiersdorf remains cautiously optimistic and confirms its guidance.