Nivea-maker Beiersdorf Says Enterprise Improved Considerably

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BERLIN: German client items agency Beiersdorf, best-known for its Nivea pores and skin cream, stated on Wednesday its enterprise considerably improved within the third quarter after the coronavirus pandemic induced a income drop within the first half.

Gross sales for the primary 9 months got here in at 5.7 billion euros ($6.74 billion), the Hamburg-based firm stated, a decline of 8.5% on the yr after the pandemic-induced stoop.

“We anticipate gross sales progress of the Beiersdorf group for the complete yr 2020 to be at year-to-date stage or barely higher,” it stated.

Beiersdorf expects working revenue (EBIT) margins to be considerably under prior yr’s stage, it added.

($1 = 0.8461 euros)

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