maxingvest ag


Press Releases


Hamburg, 13. August 2019

maxingvest increases revenue and result

 

In the 2018 financial year, maxingvest ag increased its consolidated revenues to €10,381 million (previous year: €10,279 million). Nominally, revenue improved by 1 %, organically by 3 % year on year.


The maxingvest Group's EBIT improved to € 1,185 million in 2018 (previous year: €1,036 million). As a result, the EBIT margin rose again to 11.4 % (previous year: 10.1 %).

 

Tchibo further expands its market leadership in Coffee

 

Tchibo is continuing the consolidation and further stabilisation of its business. At €3,148 million, sales were down by just under 1 % organically (nominal: -2 %), from the previous year’s €3,222 million. Coffee sales rose significantly despite falling consumer prices, supported by innovations and the consistent implementation of the premium strategy. The company increased its market share in a highly competitive Coffee market.


Due to improved contribution margins, lower marketing and selling expenses, the operating result (EBIT) of €80 million was significantly higher than the previous year’s figure of €17 million. The EBIT margin rose to 2.5 % (previous year: 0.5 %). This is a good result for the retail sector.


Beiersdorf grows significantly

 

Beiersdorf improved its revenues from €7,056 million to €7,233 million. In nominal terms, consolidated revenues increased by 3 % year on year (organic: 5 %). Both divisions, consumer and tesa, contributed to the revenue increase. The Consumer division generated revenues of €5,890 million (previous year: €5,799 million), a 2 % nominal increase and 5 % organic growth over the previous year. The tesa business segment improved its sales nominally and organically by 7 % from €1,257 million to €1,343 million.


Beiersdorf’s EBIT rose to €1,097 million (previous year: €1,088 million); the EBIT margin remained at 15.4 %, as in the previous year. The Consumer business segment generated EBIT of €903 million (previous year: €881 million), with an EBIT margin of 15.3 % (previous year: 15.2 %). tesa recorded EBIT of €210 million (previous year: €207 million) and an EBIT margin of 15.7 % (previous year: 16.5 %).


Outlook

 

Tchibo overachieved the targets set in 2018. This trend continued in the first half of 2019. For the full year 2019, sales are expected to remain under pressure, driven by weaker visitation in stationary sales and generally falling prices in the coffee market. EBIT will stabilize at 2018 level.

 

Beiersdorf publishes its own guidance on its business growth and results (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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