Beiersdorf

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This article is about the company. For other uses, see Beiersdorf (disambiguation).
Beiersdorf AG
Type Aktiengesellschaft
Public company
Traded as FWBBEI
OTC Pink: BDRFY
Industry Personal care
Founded 1882, relaunch from 2011
Headquarters Hamburg, Germany
Key people Stefan F. Heidenreich (CEO and Chairman of the management board), Reinhard Pöllath (Chairman of the supervisory board)
Products Cosmetics
Revenue 6.04 billion (2012)[1]
Operating income €735 million (2012)[1]
Profit €477 million (2012)[1]
Total assets €5.575 billion (end 2012)[1]
Total equity €3.287 billion (end 2012)[1]
Employees 16,605 (end 2012)[1]
Website Beiersdorf.com

Beiersdorf AG is a German personal care company based in Hamburg, manufacturing personal care products. Its brands include Elastoplast, Eucerin (makers of Aquaphor), Labello, La Prairie, Nivea and tesa SE (tesa tape).

Although its shares are publicly listed, Beiersdorf is controlled by Tchibo Holding AG (parent company of Tchibo), which directly owns 50.49 percent of shares.

History[edit]

The company was founded in 1882 by pharmacist Paul Carl Beiersdorf in Hamburg and sold to Oscar Troplowitz in 1890. Paul C. Beiersdorf's patent for a new manufacturing process of medical plasters, dated 28 March 1882, is regarded as foundation date of the company.

In 1911 Troplowitz launched a new product called Nivea, a stable fat moisturiser. He had previously introduced the lip balm Labello in 1908, among many other products.

On April 1, 2001, the company founded an independent subsidiary, BSN Medical as a joint venture of Beiersdorf (Hamburg) and the British-based, American-owned Smith & Nephew (London) and serves on the market of surgical dressing, orthopaedics and phlebology. BSN Medical had 350 employees in Germany and 3,400 worldwide in 2004. The turnover received 504 mn euros and its operating income reached 70 mn euros. In 2006 BSN medical was sold to Montagu Private Equity for 1.03 bn euros.

Another subsidiary, "Beiersdorf Shared Services GmbH" was founded in 2003. BSS, to which Beiersdorf's IT and accounting services were outsourced, operates independently but serves as an internal partner for the whole Beiersdorf group. BSS employs 350 people worldwide, 275 of them in Hamburg.

Also in 2003, a 2-year bidding war ended. The American company Procter & Gamble had sought to purchase its competitor Beiersdorf and proposed a take-over deal to Allianz insurance, which then held 19.6% of Beiersdorf's stock. Fearing that Procter & Gamble was interested only in Beiersdorf's brands and not in the company as a whole, many in Hamburg preferred to retain local ownership. The city of Hamburg and its state-owned holding company HGV created such a solution. The Herz family, owner of the German company Tchibo, who already had a stake in Beiersdorf, increased their holdings to 49.9%. Allianz still held 3.6%; Beiersdorf AG bought up 7.4% of its shares, of which 3% were given to the Beiersdorf pension fund. Another share holder, a private family, retained their share. This public-private alliance ensured that Beiersdorf's headquarters would remain in Hamburg and continue to provide hundreds of jobs, while paying taxes of approximately 200 mn euros annually. [2] In June 2009 Allianz reduced its holdings from 7.2 to 2.88 percent.[3]

Since 22 December 2008, Beiersdorf AG has been traded on the Deutschen Aktienindex (DAX).

References[edit]

  1. ^ a b c d e f "Annual Report 2012". Beiersdorf. Retrieved 10 May 2013. 
  2. ^ Hamburger Abendblatt (24 October 2003). "Sieg für Hamburg: Tchibo und Stadt kaufen Beiersdorf" (in German). Retrieved 8 September 2009. 
  3. ^ Die Welt (27 June 2009). "Allianz reduziert Anteil an Beiersdorf-Konzern" (in German). Retrieved 8 September 2010. 

External links[edit]