German coffee retailer Tchibo Holding expects to report full year sales growth just shy of 10%.

Chairman Dieter Ammer said both sales and profits would be robust in the year which is about to end, although he added that the company will not quite hit double-digit sales growth.

Nine month sales ended up 9% at €2.2bn (US$2.7bn).

Regulatory authorities are currently examining Tchibo's agreement to buy a further 19.6% stake in Nivea owner Beiersdorf, which would raise its overall stake in the company to 49.9%. Ammer told Die Welt that he was confident the deal would eventually get a green light.