By Cecilia Butini

Beiersdorf on Thursday raised its sales guidance for the full year after sales and earnings rose in the first half.

The German personal-care company said it expects organic sales growth to be in the high single-digit to low double-digit range, while the consolidated margin on earnings before interest and taxes is expected to be slightly up from the previous year's level.

In the first half of 2023, the company achieved sales of 4.94 billion euros ($5.40 billion), up from EUR4.47 billion the year prior. Earnings before interest and taxes rose to EUR862 million in the period, from EUR697 million, while earnings per share climbed to EUR2.56 from EUR2.18.

Write to Cecilia Butini at cecilia.butini@wsj.com

(END) Dow Jones Newswires

August 03, 2023 02:14 ET (06:14 GMT)

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