FRANKFURT Jan 16 Germany's Beiersdorf
, the maker of Nivea skin care creams, reported a
smaller than expected rise in 2013 sales on Thursday, but
maintained its full-year profit target.
Beiersdorf reported 2013 sales of 6.141 billion euros ($8.35
billion), up 1.7 percent, unadjusted for currency effects.
Analysts had been expecting the company to report 2013 sales
up 2.5 percent to 6.19 billion euros, according to a Reuters
The company also said it was extending the contract of Chief
Executive Stefan Heidenreich by five years to the end of 2019.
($1 = 0.7356 euros)
(Reporting by Victoria Bryan; Editing by Maria Sheahan)