Beiersdorf Sales Rise 6.5%; China Still Drags

Nivea maker Beiersdorf reported on Thursday a rise in group sales for the first nine months of 2024, and said it expected a strong fourth quarter, despite persisting challenges in the Chinese luxury market.

Shares in the company rose 3.9 percent, to €132 in early trade, with analysts pointing to management confidence in the quarters ahead.

Nine-month sales rose 6.5 percent organically to €7.55 billion ($8.15 billion) from €7.26 billion a year earlier, helped by a rebound in North…