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Beiersdorf grows significantly faster than market
03
Mar '08
Thomas-B. Quaas, Chairman of the Executive Board of Beiersdorf AG, at Annual Accounts Press Conference: "In our 125th anniversary year, we achieved new record results which even slightly exceeded our expectations. Beiersdorf is successfully expanding its position in a growing global market. We will further pursue our strategy making Beiersdorf a global leader for skin and beauty care.

The acquisition of a majority interest in C-BONS Hair Care in China has put us in an excellent strategic starting position in one of the world's most dynamic and important markets of the future.

For 2008 we again expect our sales to grow at a faster rate than the market general. For the Consumer business, we are planning organic growth of more than 8%, along with a further increase in the EBIT margin."

Fiscal Year 2007:
Adjusted for currency translation effects, Group sales at Beiersdorf rose by 9.1% in 2007, to €5,507 million (previous year: €5,120 million). This rate of increase was significantly higher than the market. Both business segments contributed dynamically to overall growth, with the Consumer business segment up 9.3% and the tesa business segment up 8.1%.

The operating result (EBIT) excluding special factors rose to €684 million (previous year: €597 million), while the EBIT margin increased to 12.4% (previous year: 11.7%). Profit after tax excluding special factors increased to €486 million (previous year: €387 million). Earnings per share excluding special factors rose to €2.12 (previous year: €1.69). The proposed dividend per share was increased to €0.70 (previous year: €0.60).


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