Beiersdorf has poster ‘better than expected’ sales for 2016, with organic sales growing by 3.2% across the Group, particularly boosted by brands like Nivea, Eucerin and La Prairie in its Consumer division.
German manufacturer Henkel posted good results for the first quarter 2015 but admitted that things were still to pick up in Western Europe whilst the situation in Russia and the Ukraine is still expected to have an effect on earnings.
At a time when all the big players in the cosmetics and personal care space have faced a market slowdown, Beiersdorf CEO Stefan Heidenreich says that manufacturers must strategize for the long haul and not panic.
While emerging markets stuttered for Beiersdorf, as they have for all the main players, the Nivea, Eucerin and La Prairie skin care brands saw a lift in sales for the first half of the year, boosting the consumer business segment.
Henkel, the German maker of Schwarzkopf hair products and Right Guard antiperspirant reported third quarter profit that fell short of expectations as raw-material costs rose; however the Cosmetics/ Toiletries business continued its upward curve.