The chief executive of Beiersdorf said this afternoon that he is satisfied with the Nivea maker's business over the first three months of the year.
Speaking at the group's annual shareholders' meeting, CEO Stefan Heidenreich also confirmed the group's 2014 forecast for sales to rise between 4% and 6% and an EBIT margin slightly above the 2013 level of 13.2%.
Beiersdorf's executive board and the supervisory board proposed at the AGM a dividend of €0.70 cents a share.
The financial results showed that for the most recent financial year, Beiersdorf's sales grew to €6.14 billion, generating a profit of €814 million. Net profit climbed from €480 million to €537 million.
Further, the company said it's regional lab for the Latin American market as well as the production facility in Silao, Mexico, which are under construction, will be fully operational in mid-2014.
© 2014 - European Supermarket Magazine by Enda Dowling
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