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
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Fabian Bimmer(Reuters)
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.
(Reporting by Caroline Copley; Editing by Maria Sheahan)
