Beiersdorf Posts Upbeat Q1 Sales

Beiersdorf AG BDRFY reported a rise in its sales in the first quarter. Beiersdorf's quarterly after-tax profit came in at EUR125 million. Its sales climbed 9% to EUR1.53 billion, versus analysts' estimates of EUR1.47 billion. Beiersdorf's earnings before interest and taxes surged 13% y/y to EUR183 million.