Beiersdorf reported Q1 organic sales down 4.6% YoY to €2.5bn, missing consensus decline forecasts of 3.1% and Jefferies 3.8%.
Consumer division fell 4.7% organically, driven by a 7.0% drop in NIVEA sales, underperforming market expectations.
Derma unit (Eucerin, Aquaphor) grew 8.2% organically, beating ~7% expectations, while La Prairie sales fell 14.9% but less than forecast.
Company reaffirmed full-year outlook of flat-to‑slightly‑up organic sales and marginally lower operating margin, despite stock near 10‑year lows.