Beiersdorf sees further strong growth in first nine months of 2017

Beiersdorf has achieved continued strong business momentum during the first nine months of 2017.

The company's latest financial report shows a 5.28 billion euro (4.66 billion pounds) sales total for the nine months, which represents a year-on-year organic rise of 5.1 percent, or 4.9 percent in nominal terms.

Its consumer division delivered above-market sales growth, while the Tesa brand was able to regain its former strength with double-digit growth. As a result, the firm was able to increase its market share and strengthened its overall global position.

The company's strong performance in the third quarter has led to the decision to raise its group sales forecast, with sales growth of four to five percent now expected for the full year.

Stefan Heidenreich, chief executive officer of Beiersdorf, said: "Beiersdorf is well positioned with its business model and brands. With our expanded Blue and Beyond strategy, we are building a solid foundation for further future success of our company."

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