Beiersdorf confirms guidance as group sales rise 6.0 percent

FILE PHOTO: Notepads of German personal-care company Beiersdorf are pictured at the annual shareholders meeting in Hamburg, Germany April 20, 2017. REUTERS/Fabian Bimmer - Copyright Fabian Bimmer(Reuters)

By Reuters

Published on 30/10/2018 - 09:04•Updated 24/04/2024 - 05:01

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BERLIN (Reuters) - Beiersdorf <BEIG.DE>, the maker of Nivea skin creams, confirmed its full-year guidance on Tuesday as it posted a 6 percent rise in organic group sales in the first nine months helped by a strong performance at its Tesa adhesives business.

The Hamburg-based company said nine-month sales, excluding currency moves and acquisitions, rose 6 percent to 5.4 billion euros (4.80 billion pounds), after increasing 7.7 percent in the first half.