Beiersdorf Posts Rise In Q3 Profit, Raises 2012 Sales Outlook

Beiersdorf AG (OTC:

) 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.