NEW YORK — Wella AG on Tuesday reported first-quarter results that were lifted by acquisitions but hampered by unfavorable currency translations.
In the three months ended March 31, the Darmstadt, Germany-based beauty and hair care firm reported corporate operating profits, or earnings before interest and taxes, rose 2.3 percent to $67.1 million from $65.6 million in last year’s quarter. As a percentage of sales, EBIT rose to 7.9 from 7.5 percent in the year-ago quarter. Excluding the detrimental effect of currency fluctuation, EBIT would have risen 7.7 percent.
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