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STOCKS NEWS EUROPE-Beiersdorf up on hiked outlook, Q3 figs

Tue Nov 3, 2009 5:06am EST

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Shares in Beiersdorf (BEIG.DE), the maker of Nivea skin care products, advances 3.3 percent as the second-biggest gainers in Frankfurt's top-30 index .GDAX, after the company lifts its full-year 2009 outlook along with releasing its third-quarter results.

"Beiersdorf was able to present good financials for the third quarter and the first nine months of 2009. Furthermore, the outlook was firmed up. We therefore confirm our Buy rating," DZ Bank writes in a note.

Beiersdorf now aims for an operating margin at its consumer business of roughly 11 percent, having earlier aimed to keep it above 10 percent. For more double click on [ID:nLU26581]

Reuters Messaging rm://christoph.steitz.reuters.com@reuters.net


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