Germany’s Henkel Q3 sales up by 1.7% to €4.03bn

09 November 2011 07:49  [Source: ICIS news]

SINGAPORE (ICIS)--Henkel’s sales in the third quarter of 2011 rose by 1.7% year on year to reach €4.03bn ($5.6bn), in line with the positive performance from all three of its business sectors, the German adhesives and soaps maker said on Wednesday.

However, the company’s earnings before interest and tax (EBIT) for the quarter fell by 10% year on year to €451m, Henkel said in a statement.

The firm’s sales for the first nine months rose by 3.9% to €11.8bn, while its net income in the January-September period registered a 10.1% increase to €979m compared with the same period in 2010, the statement said.

Henkel saw an increase in sales in its laundry and homecare sector, cosmetics and toiletries division, and adhesive technologies sector despite rising raw material costs.

“Despite higher raw material prices, we managed to improve profitability in all our business sectors,” said Kasper Rorsted, the CEO of Henkel.

For its outlook, Henkel “expects organic sales growth for the full fiscal year to be between 5% and 6%”, the statement added.

“We expect our adjusted EBIT margin to increase to around 13% and adjusted earnings per preferred share by about 10%,” Rorsted added.

($1 = €0.72)

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By: Samuel Wong

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