The German cosmetics group Beiersdorf has posted third quarter net income of 98 million euros, down 9.3% a year. It’s more than expected by analysts who had forecast about 92 million euros, according to a consensus of Dow Jones. The operating result (EBIT) back from 6.5% to 144 million euros, was also above expectations.
The turnover of the manufacturer of the cream Nivea back him, from 3% to 1.41 billion euros. The group’s activity was driven once again by its cosmetics brands. Their sales are up in Germany and in emerging countries. The division of Tesa adhesive, highly dependent on industrial demand, it also boasts a “downturn”.
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Beiersdorf said that its cosmetics division for 2009 should show a margin of 11%, and Tesa “of at least 2%, estimates that yesterday pushed the share price by 3.9% in Frankfurt.
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Tags: Beiersdorf, cosmetics brands, Dow Jones, Frankfurt, German cosmetics group Beiersdorf, Nivea, Tesa