(Reuters) – German consumer goods maker Beiersdorf on Tuesday reported first-quarter group sales marginally ahead of market expectations, helped by its derma division.
The company’s first-quarter sales rose 3.6% organically to 2.69 billion euros ($3.05 billion), compared to analysts’ expectations of 2.65 billion euros as per data compiled by LSEG.
Sales of Nivea, the company’s flagship skin and body care brand, grew 2.5% organically, while sales of its derma division brands jumped 11.4% led by emerging markets and North America.
On the other hand, the company reported a 17.5% drop in sales of luxury brand La Prairie, due to a difficult market environment in China.
The company confirmed its guidance for 2025.
($1 = 0.8807 euros)
(Reporting by Matthias Inverardi, Bernadette Hogg and Paolo Laudani; Editing by Varun H K)
Brought to you by www.srnnews.com
