By  on May 8, 2014

BERLIN — Beiersdorf AG, parent of brands including Nivea, Eucerin and La Prairie, said net profits in the first quarter rose 7.1 percent to 166 million euros, or $227.5 million.
EBIT, or earnings before interest and taxes, at the Hamburg-based firm were up 9.5 percent to 235 million euros, or $322 million in the three months to March 31.

Dollar figures are converted from the euro at average exchange rates for the period to which they refer.

Beiersdorf group sales for the period grew 1.2 percent to 1.6 billion euros, or $2.19 billion. On a like-for-like basis, revenues advanced 6.7 percent. 


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