Beiersdorf Posts Rise In Q3 Profit, Raises 2012 Sales Outlook

Beiersdorf AG (OTC: BDRFY) reported a rise in its third-quarter net profit and lifted its full year sales growth view.

Beiersdorf now expects a sales growth of 3% to 4%, versus its earlier growth forecast of 3%.

Beiersdorf's quarterly net profit rose to EUR107 million, from EUR76 million, in the year-ago period. However, analysts were expecting a net profit of EUR104 million.

Its sales climbed to EUR1.50 billion from EUR1.37 billion, while earnings per share surged 42% to EUR0.47 in the quarter.

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