Beiersdorf Ag (BDRFF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Beiersdorf H1 results twenty twenty six conference call. I am the chorus call operator. I would like to remind you that all participants will be in a listen only mode and the conference being recorded. The presentation will be followed by a Q and A session. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Christopher Sheldon, Head of Investor Relations. Please go ahead. Thank you, Zeg, and good morning, everyone, and thank you for joining us for our first half year twenty twenty six conference call. I'm here with our CEO, Vincent Vannery and our CFO, Astrid Hermann. As always, we will start with a presentation of the results followed by a Q and A session. And with that, I would like to hand over to Vincent. Thank you, Christopher, and good morning. Welcome to today's conference call. Astrid and I will now present an overview of our financial performance in the first half of twenty twenty six and our full year and mid term outlook. We'll also update you on the NIVEA rebalancing strategy and explain the next action steps to return the brand to sustainable growth. The performance of our business in the first half year was impacted by a continued volatile market environment. Consumer sentiment and consumption were affected by geopolitical disruptions, particularly the crisis in The Middle East as well as ongoing economic uncertainty. Despite these challenges, our Derma business continued its outperformance, delivering high single digit growth in the first half of the year. The retail disruptions that affected La Prairie in the first months of the year have mostly faded, resulting in improved performance supported by solid underlying fundamentals. NIVEA on the other hand i...