Beiersdorf Backs Outlook as 1st Half Sales Rose
06 August 2019 - 8:04AM
Dow Jones News
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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