Beiersdorf Aktiengesellschaft (BEI) Earnings Call Transcripts

Beiersdorf Aktiengesellschaft's Latest Earnings Call - Q1 FY2026

In Q1 2026, Beiersdorf Aktiengesellschaft reported a challenging start with an organic net sales decline of 4.6% at the group level, aligning with expectations. The consumer business saw a 4.7% decline, while the Derma segment achieved an 8.2% growth. NIVEA and La Prairie faced significant headwinds, with declines of 7% and 14.9%, respectively. Management reaffirmed full-year guidance, anticipating flat to slightly growing net sales and an EBIT margin slightly below the previous year.

Reported metrics

Guidance from management

Management confirmed 2026 guidance, expecting flat to slightly growing net sales and an EBIT margin slightly below 2025.

What management said

Good morning, everyone, and thank you for joining us for our first quarter 2026 conference call. I'm here with our CEO, Vincent Warnery; and our CFO, Astrid Hermann. As always, we will start with a presentation of our sales performance of the quarter, followed by a Q&A session. And with that, I'd like to hand over to Vincent.

Jeremy, on the cost situation. So the immediate impact, given that the direct impact of oil and gas on us is relatively limited, primarily on the logistics side, has been manageable so far. We're obviously really watching the supply situation and ensuring that we are set there, really emphasizing that. We are working through, obviously, many different scenarios. You can imagine on what could come if this crisis is st...

What analysts pressed on

Analysts expressed concerns about the impact of retailer conflicts and the Middle East crisis on NIVEA's performance. Questions also focused on the cost situation and potential margin pressures due to higher input costs.

Main topics on the call

• Derma Segment Performance — The Derma segment delivered 8.2% organic sales growth, outperforming the market. Management attributed this to innovations in ingredients like Epicelline and Thiamidol, and successful expansion into North America, Brazil...
• NIVEA and La Prairie Challenges — NIVEA and La Prairie faced declines of 7% and 14.9%, respectively. NIVEA's performance was impacted by a challenging mass market environment and trade negotiation conflicts in Europe. La Prairie was affected by U.S. depa...
• NIVEA Rebalancing Strategy — NIVEA's rebalancing strategy focuses on broadening its portfolio across face care, body care, and deodorants, with an emphasis on local relevance. 'The rebalancing of NIVEA is underway,' said Warnery, noting early positi...
• Impact of Middle East Crisis — The Middle East crisis contributed to a 50 basis point decline in NIVEA's growth. Management is exploring alternative distribution routes to mitigate the impact.

Read the full Beiersdorf Aktiengesellschaft transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 28 Beiersdorf Aktiengesellschaft earnings call transcripts on record, spanning March 3, 2020 to August 5, 2026. Based on this history, Beiersdorf Aktiengesellschaft reports quarterly. The most recent call on file is dated August 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BEI

Exchange

XTRA

Country

DE

Sector

Consumer Staples

Industry

Personal Care Products

Calls on record

28

First call

March 3, 2020

Most recent

August 5, 2026

Reporting cadence

quarterly