Beiersdorf lifted by Asian sales

Published: 21-May-2014
Finance

Strong demand for skin care products sees Nivea maker report 9% hike in first quarter profits

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Strong demand for skin care products has seen Nivea maker Beiersdorf report a 9% hike in first quarter profits. Earnings before interest and tax hit €235m, substantially ahead of forecasts. Asia, Africa and Australia pulled in more than 17% sales growth for the German operator. Boss Stefan Heidenreich said that the Group broke even on mainland China.

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