maxingvest ag


Press Releases


Hamburg, 28 August 2018

maxingvest reports stable business performance in 2017

 

In financial year 2017, maxingvest ag increased its Group revenues to €10,279 million (previous year: €10,062 million). In nominal terms, revenues improved by 2% and organically by 3% year-on-year. The maxingvest Group generated EBIT of €1,036 million in the year under review (previous year: €1,214 million). The Group achieved an EBIT margin of 10.1% (previous year: 12.1%).

 

At Tchibo, revenues, at €3,222 million, were slightly down from the previous year's level of €3,308 million (organic: - 2%). The Coffee business increased its revenues and market share, while the Non Food business softened.
Earnings before interest and taxes declined to €17 million in the year under review (previous year: €199 million), mainly due to a deterioration in margins. The EBIT margin was thus 0.5% (previous year: 6.0%).

 

Beiersdorf improved its revenues from €6,752 million to €7,056 million. In nominal terms, Group revenues increased by 5% year-on-year (organic growth: 6%). The higher revenues resulted from both divisions. The Consumer business segment generated revenues of €5,799 million (previous year: €5,606 million), up 3% in nominal terms and 5% organically. The tesa business segment improved its nominal revenue by 10% from €1,146 million to €1,257 million (organic: 11%).

 

EBIT at Beiersdorf rose to €1,088 million (previous year: €1,015 million); the EBIT margin was 15.4% (previous year: 15.0%). The Consumer division generated EBIT of €881 million (previous year: €829 million), while the EBIT margin reached 15.2% (previous year: 14.8%). tesa recorded EBIT of €207 million (previous year: €186 million) and an EBIT margin of 16.5% (previous year: 16.2%).


Outlook

Tchibo expects a slight decline in revenues for the 2018 financial year. This is due to a change in the Non Food assortment policy. An expansion of market shares is expected in the Coffee sector.  Better margins and a high level of cost discipline will lead to EBIT above the previous year's level.

 

Beiersdorf publishes its own guidance on business and earnings growth (see www.beiersdorf.de).

 

Press enquiries:

Arnd Liedtke
Director Corporate Communications
maxingvest ag
Alter Wandrahm 17/18, 20457 Hamburg
Phone: +49 40 63 87- 21 24, Fax.: +49 40 63 87- 25 30
arnd.liedtke@maxingvest.de, www.maxingvest.de


About maxingvest:
maxingvest consists of the maxingvest ag holding company and the two operating companies Tchibo and Beiersdorf. The holding company is family owned and, as a management holding, focuses on the strategic management of the group. maxingvest ag owns 100% of shares in Tchibo GmbH and controls more than 50% of the voting rights in Beiersdorf AG.

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