Beiersdorf Posts Higher Q1 Profit

Beiersdorf AG

reported a rise in its profit rose in the first quarter. Beiersdorf's quarterly after-tax profit surged 24% to EUR155 million, while sales climbed 2.9% to EUR1.58 billion. Its earnings before interest and taxes surged 17% to EUR215 million, while earnings per share rose to EUR0.68 from EUR0.54. Beiersdorf shares closed at $18.00 yesterday.