Germany's Henkel Q4 net profit up at €254m as business grows

24 February 2011 07:51  [Source: ICIS news]

SINGAPORE (ICIS)--Henkel’s fourth-quarter net profit rose 43.5% year on year to €254m ($348m), as sales across all core businesses grew, the German adhesives and soaps maker said on Thursday.

Group sales in the fourth quarter rose 11.3% year on year to €3.73bn, with earnings before interest and taxes jumping 29.4% to €379m, the company said in a statement.

The adhesive technologies segment contributed more than half of Henkel’s total revenues at €1.82bn in the fourth quarter, up by 18.2% year on year, while EBIT more than tripled to €202m.

For the full year, Henkel’s net profit surged 82% year on year to €1.14bn, with sales up 11.2% to €15.1bn, the company said.

The firm’s full-year EBIT, meanwhile, rose 60% year on year to €1.72bn, it added.

“The economic conditions remain challenging, especially in view of the highly competitive environment in which we operate, and rising raw material costs,” said CEO Kasper Rorsted.

“We are confident that we will once again outperform our markets in 2011 and expect to achieve organic growth of between 3 and 5 percent,” Rorsted added.

($1 = €0.73)

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By: Nurluqman Suratman

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