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Beiersdorf sales rise 4.7 pct on emerging markets
January 24, 2013 / 7:16 AM / 5 years ago

Beiersdorf sales rise 4.7 pct on emerging markets

FRANKFURT, Jan 24 (Reuters) - Beiersdorf, the maker of Nivea cream, reported sales up 4.7 percent in 2012 as demand from consumers in countries like Russia and Brazil offset a weak climate in its home European markets.

The group, which also makes La Prairie luxury skin cream and Labello lip balm, reported 2012 sales of 6.04 billion euros ($8.02 billion), in line with analyst expectations for 6.03 billion euros, according to a Reuters poll.

It said it was on target for a EBIT margin - earnings before interest and tax as a percentage of sales - of around 12 percent for 2012. ($1 = 0.7530 euros) (Reporting by Victoria Bryan)

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