Consolidated Group, Acquisitions, and Divestments

Consolidated Group

In addition to Beiersdorf AG, the consolidated financial statements include 16 (previous year: 16) German and 165 (previous year: 168) international companies whose financial and business policies Beiersdorf AG is able to control either directly or indirectly.

In the year under review, no new companies were included in the consolidated financial statements. There were no business combinations. In addition, three companies were wound up. No company was sold.

Subsidiaries that, due to their limited business activities, are of minor significance to the Group and to providing a true and fair view of the net assets, financial position, and results of operations are generally not included in the consolidated financial statements. Subsidiaries are valued at acquisition cost less any impairment losses. These subsidiaries account for less than 0.5% of total revenues, less than 0.5% of EBIT, and less than 0.5% of total after-tax profits. The same subsidiaries account for less than 0.5% of total equity.

Beiersdorf AG’s Shareholdings

Disclosures of Beiersdorf AG’s shareholdings are made in the section Beiersdorf AG’s Shareholding List. The list shows those companies/equity interests in which Beiersdorf AG holds 5% or more of the shares and/or voting rights.

Significant Acquisitions

No acquisitions that led to a business combination were made during the 2025 financial year.

Significant Divestments

There were no divestments in the Group in the reporting year (previous year: 0).

Exercise of Exemption Options

The following German affiliates included in the consolidated financial statements of Beiersdorf AG exercised the exemption option under § 264 (3) HGB in financial year 2024:

• Beiersdorf Manufacturing Hamburg GmbH, Hamburg

• Beiersdorf Manufacturing Berlin GmbH, Berlin

• Beiersdorf Manufacturing Leipzig GmbH, Leipzig

• La Prairie Group Deutschland GmbH, Düsseldorf

• Beiersdorf Shared Services GmbH, Hamburg