Beiersdorf Backs Guidance as 9-Month Revenue Rises
29 Oktober 2019 - 08:11AM
Dow Jones News
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.
Beiersdorf (TG:BEI)
Historical Stock Chart
Von Feb 2024 bis Mär 2024
Beiersdorf (TG:BEI)
Historical Stock Chart
Von Mär 2023 bis Mär 2024