UPDATE: Beiersdorf Revenue Up, Thanks to Brand Demand


Update: Beiersdorf announced its full year profit, showing a rise of 15%, which was boosted by strong Nivea and Eucerin brand sales. Net profit for 2015 was $748.7 million, making sales 3% higher than the year before, when adjusted for currency effects.

The company showed positive sales growth in almost all regions, particularly Latin America, with organic sales expected to grow by 3-4% in 2015.

Original Story: Beiersdorf said revenue rose 6.4% last year while profitability improved, thanks to a strong demand for its Nivea brand. The company's revenue of 6.69 billion euros, or $7.29 billion, was broadly in line with analysts' 6.68 billion euro average estimate.

Learn more: Beiersdorf Releases 2015 Business Results


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