18. Capital Management Disclosures
The Beiersdorf Group aims to sustainably secure its capital base and generate an appropriate return on its invested capital. As of December 31, 2025, the equity ratio was 68% (previous year: 66%), while the EBIT return on net operating capital was 31.5% (previous year: 33.2%). The total dividends distributed in financial year 2025 amounted to €238 million (previous year: €240 million). In the case of the dividend of €223 million (previous year: €227 million) paid by Beiersdorf AG, this corresponds to a distribution of €1.00 per no-par-value share bearing dividend rights (previous year: €1.00).
Dividend
The dividend is the share of distributed profit per individual share of a joint-stock company.
EBIT Return on Net Operating Capital
The EBIT Return on Net Operating Capital shows the ratio of operating result (EBIT) to operational net assets.
Equity Ratio
The equity ratio is the proportion of equity to total capital (balance sheet total). It provides information about the financial strength and thus the economic stability of a company.