Beiersdorf Backs Guidance as 9-Month Revenue Rises

Datum : 29/10/2019 @ 08h11
Quelle : Dow Jones News
Name : Beiersdorf AG (BEI)
Kurs : 93.62  2.06 (2.25%) @ 17h35
Beiersdorf share price Chart

Beiersdorf Backs Guidance as 9-Month Revenue Rises

Beiersdorf (XE:BEI)
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   By Pietro Lombardi 
 

Beiersdorf AG (BEI.XE) said that nine-month revenue rose and backed its guidance for the year.

Revenue for the period rose 6% to 5.73 billion euros ($6.36 billion), the maker of Nivea skin cream said Tuesday. Revenue grew 4.3% organically.

Sales increased 6.6% at the company's consumer business, with Nivea sales up 3%. The adhesives division posted 3.4% growth in sales.

The German company confirmed its outlook for the year. It targets organic sales growth of between 3% and 5%, while its Ebit margin from ongoing operations is seen at around 14.5%.

 

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

 

(END) Dow Jones Newswires

October 29, 2019 02:56 ET (06:56 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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