Beiersdorf Reports Strong Sales Growth In First Quarter 2013

Beiersdorf AG reported organic group sales increased 5.4 percent in the first quarter of 2013. Nominal sales rose 2.9 percent from €1.533 billion to €1.577 billion. Revenue growth was driven by the double-digit sales growth posted in emerging markets. Earnings before interest and taxes, excluding special factors, increased from €198 million in 2012 to €215 million, an increase of 8.3 percent. EBIT margin was 13.6 percent, up from the previous year's 12.9 percent. Consolidated profit after tax also increased to €155 million, the company said.