Poor growth in medical sales for Beiersdorf:
This article was originally published in Clinica
Sales at the medical division of Beiersdorf (Germany) grew only 0.6% to DM 878 million ($593 million) in the nine months ended September 30th, 1995, compared with last year. Total turnover at Beiersdorf rose 3.2% to DM 4,077 million. At constant exchange rates sales growth would have been over 7% but the strength of the DM pushed this figure down. Domestic sales rose 7.2% to DM 1,535 million and exports increased 0.9% to DM 2,541 million. In the first nine months profits grew slightly faster than turnover. The company forecasts stronger full-year turnover growth than in the first nine months. Full-year profits are also predicted to rise at a greater rate than turnover.