Beiersdorf may be reaching a milestone in 2011, but the company doesn’t feel like celebrating. In a recent speech, Beiersdorf chairman Thomas-B. Quaas said he anticipates a year of flat sales, although 2011 marks the 100th anniversary of the company’s Nivea brand. And operating profit will not reach last year’s 11.3%, even if improvements are ahead for 2012. Instead, Quaas called 2011 another transitional year for its consumer business segment, which also holds Eucerin a...