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Nivea maker Beiersdorf ups outlook on emerging markets
August 2, 2012 / 6:20 AM / 5 years ago

Nivea maker Beiersdorf ups outlook on emerging markets

FRANKFURT, Aug 2 (Reuters) - Germany’s Beiersdorf, the maker of Nivea skin care products, increased its outlook for 2012 profits as emerging markets made up for a 4 percent fall in sales at its main consumer products division in western Europe.

Beiersdorf, which also makes Labello lip balm and La Prairie luxury skin creams, said on Thursday first-half sales rose 2.6 percent to 3.06 billion euros ($3.76 billion) and adjusted earnings before interest and tax (EBIT) rose 11.6 percent to 390 million.

It said it expected sales to rise by 3 percent in 2012 and forecast an operating margin of 12 percent, compared with a previous range of between 11 and 12 percent.

Local rival Henkel on Wednesday said it was countering a slump in southern Europe with price rises and cost cuts, and that emerging markets were performing well, echoing comments from Unilever.

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