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...