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March 3, 2011, 2:34 a.m. EST

Beiersdorf net profit falls 14%; tougher 2011 seen

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By Barbara Kollmeyer


MADRID (MarketWatch) -- German personal care products group Beiersdorf AG /zigman2/quotes/210479173/delayed DE:BEI -0.62% on Thursday reported 2010 net attributable profit fell 14% to €318 million ($441 million), from €374 million in the prior earlier. Sales for the group rose 7.7% to €6.19 billion against €5.75 billion. Operating expenses for the group jumped to €292 million from €175 million in 2009. In 2011, the group aims to match 2010 sales, and expects renewed sales growth in 2012. Group margin on earnings before interest and taxation from operations won't "entirely" match the prior-year figure in 2011, but is expected to rise again the following year. Sales growth in its consumer unit is expected to be "significantly" affected by product streamlining plans, but core sales growth should offset this. The group proposed a dividend of €0.70 per share.

DE : Germany: Frankfurt
-0.65 -0.62%
Volume: 9.00
Nov. 30, 2022 10:59p
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