Beiersdorf Posts Upbeat 2011 Profit

Beiersdorf

reported upbeat 2011 core operating profit. Beiersdorf's 2011 earnings before interest, tax and special items dropped 7.6% to 646 million euros ($839 million), versus a forecast of 624 million. Beiersdorf's 2011 net profit declined 20% to 259 million euros.