Dow Jones Newswires: Beiersdorf backs guidance as revenue rises

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Beiersdorf AG 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 BEI, -1.25% 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%.

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