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German consumer goods maker Beiersdorf on Tuesday reported first-quarter group sales marginally ahead of market expectations, helped by its derma division.
The company’s first-quarter sales rose 3.6 percent organically to €2.69 billion ($3.05 billion), compared to analysts’ expectations of €2.65 billion as per data compiled by LSEG.
Sales of Nivea, the company’s flagship skin and body care brand, grew 2.5 percent organically, while sales of its derma division brands jumped 11.4…
