Annual Report 2024

Annual Report 2024

7. Other Operating Expenses

(in € million)

 

 

2023

 

2024

Restructuring expenses

 

31

 

61

Foreign exchange losses on operating activities1

 

287

 

209

Losses on disposal of non-current assets

 

6

 

8

Amortization and impairment of intangible assets from acquisitions

 

179

 

60

Miscellaneous other expenses

 

171

 

165

 

 

674

 

503

1

From 2024, foreign exchange gains and losses are reported separately under “Other operating income” and “Other operating expenses”. The previous year’s figures have been adjusted accordingly (Other operating expenses previous year: €–434 million).

Restructuring expenses relate in particular to measures in the supply chain organization and other ongoing reorganizations of the Consumer business. The amortization and impairment of intangible assets from acquisitions show essentially amortization of the goodwill of the Chantecaille cash-generating unit in the amount of €38 million (previous year: €160 million) and an impairment of €5 million (previous year: €5 million) on the remaining intangible assets allocated to the tesa nie wieder bohren GmbH cash-generating unit from the purchase price allocation. There was also amortization of goodwill in the amount of €3 million (previous year: €4 million) for the tesa nie wieder bohren GmbH unit. In addition, brand rights amounting to €6 million were impaired in connection with the realignment of the China business, as these are no longer used.

Miscellaneous other expenses included expenditure of €7 million (previous year: €8 million) in connection with the “Care Beyond Skin” donation program and expenditure of €7 million (previous year: €7 million) relating to the integration of the newly acquired Chantecaille business. Other expenses also include additions to provisions for legal and other risks and other operating expenses.

At present, climate risks have no material impact on the impairment tests of the assets or the consolidated financial statements.

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