Financials Beiersdorf

Equities

Market Closed - Xetra Other stock markets 11:35:28 2025-06-20 EDT			5-day change	1st Jan Change
106.50 ^EUR	+0.42%		-7.75%	-14.11%

06-20	Jefferies lowers target for Beiersdorf to €140 – 'Buy'	DP
06-20	BEIERSDORF AG : Jefferies reaffirms its Buy rating	ZD

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	7,025	7,627	8,799	9,447	9,850	10,113	10,601	11,150
Change	-	8.57%	15.37%	7.36%	4.27%	2.67%	4.82%	5.19%
EBITDA ¹	1,163	1,280	1,445	1,717	1,727	1,797	1,922	2,048
Change	-	10.06%	12.89%	18.82%	0.58%	4.04%	6.98%	6.52%
EBIT ¹	906	993	1,158	1,268	1,370	1,445	1,558	1,680
Change	-	9.6%	16.62%	9.5%	8.04%	5.46%	7.85%	7.8%
Interest Paid ¹	-13	-14	4	-	-32	-40	-36.33	-39.67
Earnings before Tax (EBT) ¹	821	907	1,096	1,105	1,326	1,472	1,597	1,722
Change	-	10.48%	20.84%	0.82%	20%	11%	8.52%	7.83%
Net income ¹	560	638	755	736	912	1,019	1,108	1,201
Change	-	13.93%	18.34%	-2.52%	23.91%	11.76%	8.7%	8.37%
Announcement Date	2/17/21	3/1/22	3/1/23	2/29/24	2/27/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	1,910	1,539	1,792	1,784	1,945	1,929	1,885	1,868	2,215	2,261	2,254	2,069	2,481	2,455	2,320	2,191	2,604	2,571	2,375	2,300	2,691	2,561	2,504	2,401
Change	-	-19.42%	16.44%	-0.45%	9.02%	-0.82%	-2.28%	-0.9%	18.58%	2.08%	-0.31%	-8.21%	19.91%	-1.05%	-5.5%	-5.56%	18.85%	-1.27%	-7.62%	-3.16%	17%	-4.83%	-2.23%	-4.11%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	5/5/20	8/6/20	10/28/20	2/17/21	5/5/21	8/5/21	10/28/21	3/1/22	4/28/22	8/4/22	10/27/22	3/1/23	4/26/23	8/3/23	10/25/23	2/29/24	4/16/24	8/7/24	10/24/24	2/27/25	4/15/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	3,576	3,874	3,753	4,476	4,323	4,936	4,511	5,175	4,675	5,252	4,906
Change	-	8.33%	-3.12%	19.26%	-3.42%	14.18%	-8.61%	14.72%	-9.66%	12.33%	-6.58%
EBITDA ¹	538	732	548	846	599	982	735	990	737	1,029	762
Change	-	36.06%	-25.14%	54.38%	-29.2%	63.94%	-25.15%	34.69%	-25.56%	39.62%	-25.95%
EBIT ¹	434	595	398	710	448	852	416	838	532	854.5	590
Change	-	37.1%	-33.11%	78.39%	-36.9%	90.18%	-51.17%	101.44%	-36.52%	60.62%	-30.95%
Charge d'intérêts	-10	-24	-9	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	541	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-
Net income	-	395	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	2/17/21	8/5/21	3/1/22	8/4/22	3/1/23	8/3/23	2/29/24	8/7/24	2/27/25	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-1,722	-1,776	-4,477	-4,620	-4,566	-4,793	-5,522	-6,388
Change	-	-3.14%	-152.08%	-3.19%	1.17%	-4.97%	-15.21%	-15.68%
Announcement Date	2/17/21	3/1/22	3/1/23	2/29/24	2/27/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	280	413	548	517	437	449.1	462.5	448.1
Change	-	47.5%	32.69%	-5.66%	-15.47%	2.76%	2.98%	-3.11%
Free Cash Flow (FCF) ¹	704	580	395	600	1,105	989.6	1,047	1,159
Change	-	-17.61%	-31.9%	51.9%	84.17%	-10.44%	5.78%	10.71%
Announcement Date	2/17/21	3/1/22	3/1/23	2/29/24	2/27/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	16.56%	16.78%	16.42%	18.18%	17.53%	17.77%	18.13%	18.36%
EBIT Margin (%)	12.9%	13.02%	13.16%	13.42%	13.91%	14.29%	14.7%	15.07%
EBT Margin (%)	11.69%	11.89%	12.46%	11.7%	13.46%	14.55%	15.07%	15.45%
Net margin (%)	7.97%	8.37%	8.58%	7.79%	9.26%	10.08%	10.45%	10.77%
FCF margin (%)	10.02%	7.6%	4.49%	6.35%	11.22%	9.79%	9.87%	10.39%
FCF / Net Income (%)	125.71%	90.91%	52.32%	81.52%	121.16%	97.09%	94.48%	96.52%
Profitability
ROA	6.11%	6.34%	6.39%	5.89%	7.11%	7.89%	8.38%	7.89%
ROE	10.06%	10.4%	10.3%	9.14%	10.86%	11.82%	11.8%	11.55%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	3.99%	5.41%	6.23%	5.47%	4.44%	4.44%	4.36%	4.02%
CAPEX / EBITDA (%)	24.08%	32.27%	37.92%	30.11%	25.3%	24.99%	24.06%	21.88%
CAPEX / FCF (%)	39.77%	71.21%	138.73%	86.17%	39.55%	45.38%	44.18%	38.66%
Items per share
Cash flow per share ¹	4.338	4.378	3.514	4.149	5.471	5.802	6.286	6.785
Change	-	0.91%	-19.74%	18.07%	31.88%	6.05%	8.33%	7.94%
Dividend per Share ¹	0.7	0.7	0.7	1	1	1.032	1.081	1.147
Change	-	0%	0%	42.86%	0%	3.17%	4.74%	6.18%
Book Value Per Share ¹	27.51	30.29	34.32	36.69	37.67	39.84	44.01	48.43
Change	-	10.13%	13.3%	6.9%	2.68%	5.75%	10.47%	10.05%
EPS ¹	2.47	2.81	3.33	3.24	4.05	4.618	5.034	5.454
Change	-	13.77%	18.51%	-2.7%	25%	14.02%	9.02%	8.34%
Nbr of stocks (in thousands)	226,819	226,819	226,819	226,819	224,216	220,610	220,610	220,610
Announcement Date	2/17/21	3/1/22	3/1/23	2/29/24	2/27/25	-	-	-