Salem Radio Network News Tuesday, September 21, 2021

Business

Beiersdorf forecasts full-year sales growth in high single-digits

BERLIN (Reuters) – Nivea maker Beiersdorf expects its 2021 group sales to rise by close to 10% this year, it said on Thursday, thanks to strong demand for adhesives and its dermatological brands.

The Hamburg-based firm, said it sees full-year sales growing by a high single-digit percentage, while affirming guidance for its 2021 EBIT (earnings before interest and tax) margin at the year-earlier level due to rising material prices and investments in digitisation and innovation.

The company previously said only that it saw positive sales growth for 2021.

(Reporting by Maria Sheahan; Editing by Tomasz Janowski)

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