×
By
AFP
Published
Aug 7, 2007
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Beiersdorf boosted by emerging markets in second quarter

By
AFP
Published
Aug 7, 2007

FRANKFURT, Aug 7, 2007 (AFP) - Beiersdorf, the German maker of Nivea hand cream, published results for the second quarter on Tuesday that were given pep by strong performances in emerging markets and North America.


Nivea

Net profit was up 69 percent to 93 million euros (128 million dollars) on sales of 1.46 billion euros, which showed a 9.7 percent rise.

New products, including a Nivea range for men, helped turnover in the division responsible for the principal consumer products to rise 10 percent to 1.25 billion euros.

Sales for the adhesives arm, Tesa, were up seven percent to 211 million euros.

Investors were encouraged by the results. In trading in Frankfurt at 0750 GMT, shares were up 3.11 percent to 50.43 euros on an MDax index which was up 1.47 percent.

Copyright © 2022 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.