Nivea maker Beiersdorf AG (BDRFY.PK,BDRFF.PK) reported Thursday that its nine-month nominal Group sales edged down 0.1 percent to 5.032 billion euros from last year's 5.035 billion euros. Exchange rate effects reduced growth by 2.9 percentage points and structural changes by 0.1 percentage points.
Organic Group sales grew 2.9 percent in the nine months.
The Consumer Business Segment's sales increased by 0.1 percent to 4.177 billion euros, and organic sales growth was 3.2 percent, mainly based on a good performance in Europe.
NIVEA sales rose 3.6 percent year on year. Eucerin increased sales by 2.9 percent. La Prairie generated sales growth of 6.1 percent.
Organic sales in the Europe region grew by 1.6 percent, and Americas region increased 3 percent.
For fiscal 2016, the company now expects the EBIT margin for 2016 to significantly exceed the prior-year figure, citing the positive business performance in the first nine months. Previously, the company expected consolidated EBIT margin to slightly exceed the prior-year figure.
Further, Beiersdorf confirmed its Group sales guidance for the 2016 financial year and continues to anticipate sales growth of 3-4 percent. In the Consumer Business Segment, Beiersdorf expects to outperform the market with sales growth of 3-4 percent.
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