The Irish subsidiary of Nivea parent Beiersdorf posted an after-tax profit of €681k in the year to end December 2012, according to accounts just filed.
Beiersdorf Ireland Limited posted a turnover of €15.6 million in the period, up from €14.6 million a year earlier, due to "an increase in trading activity during the financial year".
In 2011, the business posted an after-tax loss of €2.073 million. However, this included a one-off loss on the termination of operations, valued at €2.9 million.
The financial statements were prepared on a break up basis, rather than on a going concern basis, following Beiersdorf Ireland's decision to cease its operations in Ireland on 31 December last.
Beiersdorf will publish an interim management statement, outlining its global performance over the first nine months of the year, this morning.
© 2013 - Checkout Magazine by Stephen Wynne-Jones