FRANKFURT, May 2 (Reuters) - Beiersdorf expects flat sales in Germany this year after a disappointing first-quarter result there, the Nivea-maker’s chief executive said on Thursday.
Earlier the group posted better than expected first-quarter results thanks to sales in the Americas, Asia and the Middle East. Revenues in Germany dropped by 2 percent, however.
“If one or another new product does particularly well with customers, then we might see sales being a touch better,” Stefan Heidenreich told journalists.
He also said the group had made a satisfactory start to the year in China, where it has gained market share for the first time in years. He confirmed a target to reach breakeven there in 2014. (Reporting by Victoria Bryan; Editing by Christoph Steitz)