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Our Brands
Successful Worldwide
The Year in Review
Beiersdorf at a Glance
Our Future is
Full of Opportunities
Foreword by the Executive Board
The Executive Board
of Beiersdorf AG
Always Close to the
Consumer
Ready for
New Challenges
Our Employees
Full Steam Ahead
The Beiersdorf Share
Beiersdorf Investor Relations
Report by the
Supervisory Board
Corporate Governance
at Beiersdorf
Auditors’ Report
Economic
Environment 2003
Business Developments
Research and Development
Capital Expenditure
Environmental
Protection and
Occupational Safety
Risk Management
Outlook
Income Statement
Balance Sheet
Cash Flow Statement
Statement of Changes
in Shareholders’ Equity
Segment Reporting
Significant Accounting Policies
Notes to the
Income Statement
Notes to the Balance Sheet
Other Disclosures
Boards of
Beiersdorf AG
Significant Group
Companies
Index
Ten-year Overview
Imprint
Financial Calendar
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