BERLIN, Oct 25 Reuters Nivea maker Beiersdorf raised its fullyear sales guidance on Wednesday, as it reported a 11.2 hike in organic group sales in the first nine months, driven by its consumer business unit.

The German company now expects organic sales growth in the lowdoubledigit range versus the mid to highsingledigit range growth it had forecast previously.

Organic group sales came in at 7.3 billion euros in the first nine months of the year, 11.2 higher than the figure it reported for the same period a year earlier.

Organic sales in the consumer business segment rose 13.6 yearonyear.

Our iconic brands Nivea, Eucerin, and Aquaphor are leading the way with broadbased, doubledigit growth rates, driven by impactful global and local initiatives, said CEO Vincent Warnery.

The only Beiersdorf brand to see a sales contraction was La Prairie, where sales dropped by 15.8 in the first nine months due to the negative influence of the socalled daigou reselling business in China and Korea, the company said.

Reporting by Matthias Inverardi, Writing by Friederike Heine, Editing by Miranda Murray

Source Reuters