Beiersdorf Hikes Organic Sales Aim on Demand for Nivea, Sunscreen

Beiersdorf on Thursday raised its annual forecast for organic sales a second time this year, after its core brand Nivea and high sunscreen demand drove double-digit growth in half-year organic sales.

It now expects organic sales for the group and its consumer unit to grow by a high single-digit to low double-digit percentage range, compared with a previous forecast for mid-to-high single-digit growth.

First-half sales grew 12.3 percent from a…