The maker of Nivea and other skincare products gave a cautious outlook for 2018 on Thursday, forecasting sales growth of around 4 percent and its operating profit margin to stay at a similar level to last year.
L‘Oreal, the world’s biggest cosmetics company, beat third quarter sales expectations on Thursday thanks to surging demand from Chinese consumers and strong appetite for Lancome and its other luxury brands.
L'Oréal , the world's biggest cosmetics company, on Thursday posted slightly higher-than-expected sales in the third quarter as luxury brands such as Lancôme and a surge in demand in China drove growth.
Beiersdorf, the maker of Nivea cream and Tesa adhesives, raised its guidance for 2016 earnings on Thursday on strong third-quarter sales at its consumer business, turning around a disappointing first half of the year.
Innovation is at the heart of the leading cosmetics groups' strategy. This is why Beiersdorf has forged closer links with Innoget, the innovation marketplace linking companies with the scientific community.
Germany's Beiersdorf, the maker of Nivea skin cream, on Wednesday reported weaker-than-expected underlying sales growth as weak demand from the electronics industry in Asia hit its Tesa adhesives business.