Germany's Henkel fourth-quarter net profit up 20% at €304m

08 March 2012 07:59  [Source: ICIS news]

SINGAPORE (ICIS)--Henkel’s net income rose by 19.7% year on year to €304m ($400m) in the fourth quarter of 2011, buoyed by the strong sales growth at its cosmetics and toiletries as well as adhesive-technologies segments, the German adhesives and soaps maker said on Thursday.

The firm’s sales rose by 1.9% to €3.8bn in the fourth quarter of last year, while operating profit rose by 15.8% to €439m, the company said in a statement.

The adhesive-technologies segment accounted for nearly half of Henkel’s overall revenue at €1.88bn in the fourth quarter. Revenue from that segment was up by 3.2% year on year.

Sales from its cosmetics and toiletries segment rose by 4.9% to €836m.

Henkel’s net income rose by 12.2% year on year to €1.28bn for the full year of 2011, while sales was up by 3.4% at €15.6bn.

“We expect organic sales growth for the full fiscal year to be between 3 and 5%,” said Henkel CEO Kasper Rorsted.

“We also expect to increase our adjusted EBIT [earnings before interest and tax] margin to 14% and improve adjusted earnings per preferred share by at least 10%,” Rorsted added.

($1 = €0.76)

By: Nurluqman Suratman

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