Beiersdorf Posts Weaker Sales In 1Q Of 2016

Beiersdorf reported group sales increased organically 2.4 percent year on year in the first quarter of 2016. In nominal terms, however, sales declined 1.9 percent to €1.673 billion, due to negative exchange rate effects. According to the company, structural changes cut growth by 0.1 percentage point. Also, the Consumer Business Segment posted organic sales growth of 3.6 percent, boosted by a good performance in Europe. Sales in the Americas did not perform well as in the previous year. Nivea sales increased 4.3 percent year on year, while Eucerin sales grew 1.2 percent, and La Prairie saw sales rise by 6.9 percent.