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Beiersdorf preliminary sales

This article was originally published in The Rose Sheet

Executive Summary

Cosmed division sales grew 4.1% for the year when adjusted for currency translation, Nivea marketer states in preliminary year-end report Jan. 13. At current exchange rates, sales fell 1% to $4.01 bil. (€1=$1.28). While double-digit growth was generated in many markets, sales declined in Germany, Russia, Brazil and Japan. Division's earnings before interest and taxes return on sales reached about 13%, Beiersdorf adds. Consolidated sales fell 1.5% at current exchange rates to $5.98 bil., while profits reached $384.1 mil., more than 6% of sales...
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