GERMANY: Beiersdorf expects improved results after solid FY | Progresiv

Beiersdorf has said it expects underlying sales growth to improve in 2016, even as it reported a solid set of results for its last fiscal year. 

For 2015, underlying sales rose by 3%, while they were up 6.4% on a reported basis. Meanwhile, underlying operating profit grew by 12% to 962 million euros. Sales were helped by a strong 11% jump in Latin America, as well as improved results in China.

Beiersdorf said it expects underlying sales in 2016 to grow by 3% to 4%, while underlying operating profit margin is expected to slightly rise above the 14.4% it recorded last year. (www.kamcity.com)