BREAKING NEWS

BREAKING NEWS

Nivea-maker Beiersdorf reports strong first quarter

Nivea-maker Beiersdorf reports strong first quarter
FILE PHOTO: An employee examines the covers of a Nivea skin cream cover during a quality control inspection at production line of German company Beiersdorf AG in Hamburg, February 12, 2015. REUTERS/Fabian Bimmer -
Copyright
Fabian Bimmer(Reuters)
Text size Aa Aa

BERLIN (Reuters) - German consumer goods firm Beiersdorf reported a strong start to the year on Tuesday on healthy sales of its Nivea skin cream after its new chief executive launched a new strategy to help the firm compete with niche brands.

Beiersdorf said first-quarter sales came in at 1.947 billion euros (£1.7 billion), a rise of 6 percent after stripping out currency effects and acquisitions, ahead of average analyst forecasts for 1.888 billion.

Its consumer business grew 6.8 percent, although its Tesa adhesives business expanded just 2.2 percent. Beiersdorf said it confirmed its guidance for 2019 despite ongoing economic risks.

(Reporting by Emma Thomasson; editing by Thomas Seythal)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.