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By
Reuters
Published
Aug 2, 2012
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Nivea maker Beiersdorf ups outlook on emerging markets

By
Reuters
Published
Aug 2, 2012

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.


Photo: Nivea


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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