FRANKFURT (dpa-AFX) - A more optimistic growth outlook from Beiersdorf boosted the shares of the Dax group in a weak market environment on Tuesday. The shares of the Hamburg-based consumer goods and adhesives manufacturer gained up to 2 percent to 135.05 euros and only stopped at the 50-day line, which signals the medium-term trend.

In the morning, traders and analysts largely praised Beiersdorf's earnings performance in the first quarter. Especially in the consumer segment with cosmetics and skin care products, things are going extremely well, one trader explained. Thanks to this division, expectations were exceeded overall, wrote analyst Bruno Monteyne from Bernstein Research.

However, the results in the individual sub-segments were very different. "We rarely see so many clear positives offset by equally large negatives," he emphasized. According to Monteyne, this indicates that the economy is changing rapidly and that the various consumer segments are faring very differently.

JPMorgan analyst Celine Pannuti also praised the overall strong figures, but the slowdown in business development in the Americas took some of the shine off the report, she explained.

In view of the different sales trends, RBC analyst Emma Letheren spoke of a "mixed quarter" in which both the Eucerin skincare brand and the Tesa adhesives division fell well short of expectations. She explained the raised annual forecast primarily with the Group's very cautious target setting at the beginning of February. It was also justified by an expected turnaround in the luxury brand La Prairie, which exceeded expectations for the first time in a year and a half.

Beiersdorf now anticipates organic sales growth of six to eight percent for the year as a whole. Previously, growth in the mid-single-digit percentage range had been targeted./ck/ag/mis