July 6, 2020 / 2:31 PM / a month ago

Nivea-maker Beiersdorf sales fell 10.7% in first half

FILE PHOTO: Stefan Heidenreich, CEO of German personal-care company Beiersdorf, poses with a Nivea tin before the annual shareholders meeting in Hamburg, Germany April 20, 2017. REUTERS/Fabian Bimmer

BERLIN (Reuters) - Nivea-maker Beiersdorf (BEIG.DE) said on Monday it had seen a 10.7% fall in first-half sales as both its consumer business and adhesives unit were hard hit by the coronavirus pandemic.

Beiersdorf saw the impact worsen in the last three months, posting first-half sales of 3.513 billion euros, below an average analyst forecast for 3.65 billion euros ($4.13 billion), according to Refinitiv data.

Beiersdorf, which is due to report full half-year figures on Aug. 6, said it could still not give a forecast for the impact of the pandemic on full year results. First-quarter sales had fallen 3.6%.

It said the first-half decline at the consumer business came in at 10.9%, while the Tesa adhesives business, which supplies the automotive and electronics industries, saw a drop of 10%.

Beiersdorf said in May that its La Prairie premium skincare brand and sun care products have been hit by the drop in international travel even though sales of hand wash, hand creams and plasters jumped.

Reporting by Emma Thomasson; Editing by Caroline Copley

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