Sees FY organic sales up 6-8% (Il Sole 24 Ore Radiocor) - Berlin, 16 Apr - Beiersdorf, the producer of Nivea and other body care products, said that sales reached 2.6 billion euros in the first quarter, up 7.3% year on year in organic terms.

Sales of the consumer business segment grew an organic 10.0% to 2.2billion euros, driven in particular by Nivea with growth across all regions.

The tesa business segment posted a decline of 5.4%, with sales of 397 million euros.

"This performance level in the first quarter is reinforcing our continued aspiration of profitable growth, and we are therefore raising our sales guidance for the full year,' said the CEO, Vincent Warnery.

Beiersdorf anticipates full year organic sales growth of 6-8%, while the EBIT margin, excluding special items, is expected to be slightly above the previous year's level.

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(RADIOCOR) 16-04-24 19:18:55 (0750) 5 NNNN