Nivea maker Beiersdorf cuts outlook on slowing skincare market

Oct 23 – German consumer goods maker Beiersdorf on Tuesday trimmed its outlook for 2025 for a second time, saying the market for skincare had slowed in the third quarter, especially in emerging markets. It lowered its outlook for organic sales growth to around 2.5%, from a previous target of around 3%, with around 2.5% growth expected in the consumer segment from a previous target of 3%-4%. The maker of Nivea skin and body care products kept its group EBIT margin target of slightly above the previous year's 13.9% unchanged. (Reporting by Matthias Inverardi and Bernadette Hogg)

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