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Index
Stock Market Dictionary
Overview
Executive Board
Strategy
Investor Relations
Corporate Governance
Management Report
Group Financial Statements
Income Statement
Balance Sheet
Cash Flow Statement
Statement of Changes in Shareholders’ Equity
Group Notes
Segment Reporting
Significant Accounting Policies
Notes to the Income Statement
Notes to the Balance Sheet
Other Disclosures
Boards of Beiersdorf AG
Additional Information
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(in € million) Notes 2002 2003
Sales (1) 4,742 4,673
Cost of goods sold (2) -1,756 -1,698
Gross profit   2,986 2,975
Marketing and selling expenses (3) -2,098 -2,093
Research and development expenses (4) -93 -100
General and administrative expenses (5) -260 -251
Other operating income (6) 96 98
Other operating expenses (7) -159 -145
Operating result (EBIT)   472 484
Interest income (net) (8) 17 18
Other financial income/expense (net) (9) -11 -3
Financial result   6 15
Profit before tax   478 499
Taxes on income (10) -188 -198
Profit after tax   290 301
Minority interests (11) -7 -7
Net profit   283 294
Earnings per share (in €) (12) 3.37 3.50
Diluted earnings per share (in €) (12) 3.37 3.50
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