Beiersdorf S&E
This article was originally published in The Rose Sheet
Executive Summary
Consumer divisions in North America performed particularly well in the first quarter, with Beiersdorf recording sales growth of 8.5% and La Prairie sales gaining 43%, German consumer products manufacturer says in a May 14 1report. "Dramatic developments" in exchange rates in the Americas, however, led to a 17.7% drop in sales year-on-year, the company noted. Global sales of the Cosmed division increased 1% at current exchange rates to $912.9 mil. (€1=$1.15) with growth of Nivea offset by negative currency impact. Earnings before interest and taxes for the division were flat at $125.3 mil. Consolidated sales at constant exchange rates rose 7.4% in Q1, while sales at current exchange rates were flat at $1.37 bil. Earnings before interest and taxes were flat at $152.9 mil...
You may also be interested in...
EU Regulatory Assessors Get AI Boost In Reaching Scientific Decisions
The European Medicines Agency is training scientific staff working for the European medicines regulatory network in how to use a new AI-powered search engine that allows them to easily retrieve information on regulatory precedents.
EU Parliament Stricter Than Council On Medicines And Medical Devices Packaging
The EU Parliament's Environment, Public Health and Food Safety committee takes a compromise position with regards to the Packaging and Packaging Waste Directive. Medicines and medical devices should be exempt, but only until 2035, at which point the European Commission should check whether the development of materials and the recycling process have progressed, and may adjust this exemption accordingly.
Stay Or Exit? Global Health Players Ponder New China Trajectory
It's again the time of year when global CEOs descend on China's capital to discuss strategies. This year, however, the mood is different.