By  on November 3, 2016

PARIS — Although sales at Beiersdorf AG dipped slightly in the first nine months due to negative exchange rate effects, the company increased its profit guidance for full-year 2016 on the back of organic growth.

The German maker of Nivea, Eucerin and La Prairie posted sales of 5.03 billion euros, or $5.62 billion, down 0.1 percent in reported terms and up 2.9 percent on an organic basis. Currency effects reduced the gains by 2.9 percentage points and structural changes by 0.1 percentage points, according to the company that is based in Hamburg.

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