Vara Research Consensus Estimates/Beiersdorf: Q2 2008 Sales: EUR 1,578m (+7.8%); EPS clean: EUR 0.63 (+14.7%)

The calculated consensus is based on the estimates of 15 major banks consulted by Vara Research GmbH.

+-------------------+-------+-------+-------+-------+-------+-------+ |(in million Euros) | Q2 08E| YoY| 2008E| YoY| 2009E| YoY| | | | Growth| | Growth| | Growth| +-------------------+-------+-------+-------+-------+-------+-------+ |Sales | 1,578| 7.8%| 5,985| 8.7%| 6,402| 7.0%| +-------------------+-------+-------+-------+-------+-------+-------+ |Operating result | | | | | | | |clean* | 210| 10.1%| 767| 12.1%| 844| 10.1%| +-------------------+-------+-------+-------+-------+-------+-------+ |EPS reported | 0.65| 58.4%| 2.38| 23.4%| 2.60| 9.2%| +-------------------+-------+-------+-------+-------+-------+-------+ |EPS clean** | 0.63| 14.7%| 2.36| 11.2%| 2.58| 9.7%| +-------------------+-------+-------+-------+-------+-------+-------+ | * excluding special factors| | ** As defined by Vara Research GmbH| +-------------------+-------+-------+-------+-------+-------+-------+ | | | | | | | | +-------------------+-------+-------+-------+-------+-------+-------+ Further consensus details:

http://www.vararesearch.de/newsletter/Beiersdorf_NL_2008_07_25.pdf

Get our high quality consensus estimates on a regular basis:

http://www.vararesearch.de/newsletter_engl.htm

Contact details:

Vara Research GmbH

Martin Pahn

Phone: +49*69-66 36 80 72

E*mail: info@vararesearch.de

Disclaimer: This document has been issued by Vara Research GmbH for information purposes only and is not intended to constitute investment advice. It is based on estimates and forecasts of various analysts regarding revenues, earnings and business developments of the relevant company. Such estimates and forecasts cannot be independently verified by reason of the subjective character. Vara Research GmbH gives no guarantee, representation or warranty and is not responsible or liable as to its accuracy and completeness.

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(END) Dow Jones Newswires

   July 25, 2008 04:11 ET (08:11 GMT)- - 04 11 AM EDT 07-25-08