Financial News

Skin Care Drives Sales At Beiersdorf

Beiersdorf reported that first-half 2016 group sales rose 2.8% to $3.8 billion. The consumer business segment recorded organic sales growth of 3.3% in the period, totaling $3.1 billion. By brand, La Prairie sales rose 6.2%, Nivea sales increased 4.2% and Eucerin sales rose 1.0%. For the full year, Beiersdorf “remains cautiously optimistic” and confirmed its guidance. “Beiersdorf is continuing on its profitable growth path,” said Stefan F. Heidenreich, CEO of Beiersdorf AG. “Once again, we wer...

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