Beiersdorf: at half-mast after annual results
Sales reached a record 9.45 billion euros, up 10.8% organically (+7.4% in nominal terms), with growth in Nivea, derma and health products offsetting difficulties at La Prairie and Chantecaille.
A 43% increase in the 2023 dividend to one euro will be proposed, as well as share buybacks worth 500 million euros. For 2024, the Group is targeting mid-single-digit organic revenue growth, with a slightly higher EBIT margin.
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