Beiersdorf Backs Outlook as 1st Half Sales Rose

Datum : 06/08/2019 @ 08h04
Quelle : Dow Jones News
Name : Beiersdorf AG (BEI)
Kurs : 91.56  -3.98 (-4.17%) @ 17h35
Beiersdorf share price Chart

Beiersdorf Backs Outlook as 1st Half Sales Rose

Beiersdorf (XE:BEI)
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1 Jahr : Von Mär 2019 bis Mär 2020

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   By Anthony Shevlin 
 

Beiersdorf AG (BEI.XE) on Tuesday backed its outlook for 2019 as sales in the first half rose.

The maker of Nivea skin cream said sales were 3.84 billion euros ($4.29 billion) in the period, up from EUR3.61 billion the year prior.

Earnings before interest and taxes before one-offs were EUR593 million. Last year the company posted EBIT of EUR585 million.

Beiersdorf backed its outlook for the year and targets organic sales growth of between 3% and 5%, with an EBIT margin of around 14.5% as it will be weighed down by planned investments.

 

Write to Anthony Shevlin at anthony.shevlin@dowjones.com; @anthony_shevlin

 

(END) Dow Jones Newswires

August 06, 2019 01:49 ET (05:49 GMT)

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