Beiersdorf Maintains Growth Momentum in Challenging Market
Strong Sales Performance in First Half of Fiscal 2024
Organic Group Sales Surge by 7.1%
Hamburg, August 7, 2024 - Beiersdorf, the manufacturer of Nivea, has continued its impressive growth trajectory in the first half of fiscal 2024 despite a challenging market environment. Organic Group sales rose by 7.1%, driven by strong demand for the company's skincare, baby care, and consumer adhesives products.
All-Time High Share Price
The positive financial results have been reflected in Beiersdorf's share price, which temporarily hit a new all-time high of over EUR 147. This demonstrates the market's confidence in the company's long-term growth potential.
Performance Highlights
Key highlights from the first half of fiscal 2024 include:
- Organic Group sales growth of 7.1%
- Strong performance in all segments, particularly skincare and consumer adhesives
- Increased market share in key categories
- Continued investments in research and development
Outlook
Beiersdorf remains optimistic about the future despite the ongoing market challenges. The company is confident in its ability to continue driving growth through innovation, brand strength, and operational efficiency.
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