07 Aug 2024 --- Beiersdorf posted group sales of €5.2 billion (US$5.7 billion) up 7.1% in organic terms, despite a slowing down of the luxury market, notably in China. Group shares fell by as much as 5.9% to €123.65 (US$135.02) in the trading morning — its lowest price since November. Beiersdorf’s Consumer Business segment saw organic sales growth climb by 8% to €4.3 billion (US$4.7 billion), outperforming the market. It was led by Nivea’s double-digit sales growth (+11.1%) and “significant” sales increases across all key regions and categories, including consumer brands Derma (+8.3%), Healthcare (+4%) and La Prairie (-7%).
