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STOCKS NEWS EUROPE-Beiersdorf gains after 2013 sales data

Reuters - UK Focus

Shares in Beiersdorf (Other OTC: BDRFF - news) rise 1.2 percent, and peer Henkel (Berlin: HEN.BE - news) gains 1.5 percent, heading Germany's DAX index of blue-chip stocks, after Beiersdorf reports strong 2013 sales figures.

"Overall, 2013 was good year, with Beiersdorf seeing the best top-line growth (+7.2 percent) since 2008...," Bernstein analyst Andrew Wood writes in a note.

He adds, however, that news a contract extension for Beiersdorf CEO Stefan Heidenreich to the end of 2019 may disappoint some investors as the extent of the advance planning for this indicates that the majority shareholder, the Herz family, has no intention to sell.

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Reuters messaging rm://victoria.bryan.thomsonreuters.com@reuters.net