FRANKFURT Nov 4 Beiersdorf, the maker
of Nivea creams and lotions, said it was upgrading its sales and
profit outlook for the year after reporting a 7 percent increase
in nine-month sales.
The group said it now expected sales in 2013 to rise by 6-7
percent, compared with a previous forecast for 5-6 percent.
Its EBIT margin - earnings before interest and tax as a
percentage of sales - should reach 13 percent this year, at the
top end of a previously announced range of 12-13 percent, it
It confirmed the EBIT margin in its main Consumer Business
segment would be above 12 percent this year, and said the
adhesives division, Tesa, would now reach a margin of 16
percent, up from a previous 14 pct.
Under Chief Executive Stefan Heidenreich, Beiersdorf has
been cutting unprofitable ranges and focusing on bringing out
new products, like an in-shower moisturiser and a new
The group is due to publish full nine-month results on
(Reporting by Victoria Bryan and Christiaan Hetzner; Editing by