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Beiersdorf Q1 profit climbs 8.1% YOY

Beiersdorf AG said its first-quarter normalized net income came to 70 euro cents per share, compared with the S&P Capital IQ consensus estimate of 73 cents per share.

EPS rose 8.1% year over year from 65 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €159.3 million, an increase of 8.1% from €147.4 million in the prior-year period.

The normalized profit margin rose to 9.3% from 9.2% in the year-earlier period.

Total revenue climbed 6.9% year over year to €1.71 billion from €1.60 billion, and total operating expenses grew 6.6% year over year to €1.45 billion from €1.36 billion.

Reported net income increased 9.1% on an annual basis to €179.0 million, or 79 cents per share, from €164.0 million, or 72 cents per share.