Beiersdorf AG (BEIG.DE)
LONDON European shares fell in early deals on Wednesday, snapping a three-day winning streak amid growing India-Pakistan tensions, and a warning from Beiersdorf hammered consumer staples stocks while Air France-KLM and Marks & Spencer sank.
* Beiersdorf sinks after warning on margins (Updates prices, adds details)
HAMBURG Beiersdorf's shares dropped more than 10 percent on Wednesday after the Nivea skin cream maker said margins would fall in 2019 as the company invests more to keep up with niche brands disrupting the consumer products industry
* Shares fall to 2-year low (Adds details from news conference)
LONDON, Feb 27 European shares were lower in early deals on Wednesday, snapping a three-day winning streak as a warning from Beiersdorf hammered consumer staples stocks and Air France-KLM sank on news the Dutch government would raise its stake in the airline.
FRANKFURT, Feb 26 Nivea skin cream maker Beiersdorf will make additional investment of up to 80 million euros ($91 million) a year in its consumer business to counter a forecast drop in sales growth, the German company said on Tuesday.
FRANKFURT, Feb 26 Nivea skin cream maker Beiersdorf announced on Tuesday it would make additional investments of up to 80 million euros ($91 million) a year in its consumer business segment.
(Corrects Feb 7 story to show Asia Pacific is second biggest region (not biggest), paragraph 4.)
PARIS, Feb 7 Strong Chinese demand for luxury skin creams helped Lancome owner L'Oreal beat sales forecasts in the fourth quarter, as did a pick-up in its lagging mass market division.
BERLIN, Jan 17 The new chief executive of Nivea skin creams maker Beiersdorf promised strategic steps in 2019 to deliver sustainable growth after reporting slower sales in the fourth quarter of 2018.