Beiersdorf sales
This article was originally published in The Rose Sheet
Executive Summary
Cosmed division revenues increased 7.2% to $699.3 mil. (€1=$.89) in first quarter, Beiersdorf announces in 1financial presentation April 23. Sales for the division, which includes the Nivea, La Prairie and Juvena brands, dropped 5.5% to $190.4 mil. in the Americas region, but experienced double-digit growth in Europe, excluding Germany, and in Africa, Asia and Australia, company says. Consolidated Q1 sales were $1.06 bil., up 3.6% from the prior-year period, which included sales from company's advanced wound care business, divested in the first quarter 2001. Cosmed division sales for the year will increase 8%, earnings before interest and taxes will advance 12%, Beiersdorf predicts. Company also reported full-year results on target with preliminary figures released in February (2"The Rose Sheet" Feb. 25, 2002, p. 3)...