Germany’s Henkel Q1 net profit rises 29.5%, sales up 4.8%

09 May 2012 09:39  [Source: ICIS news]

SINGAPORE (ICIS)--Henkel posted a 29.5% year-on-year increase in first-quarter 2012 net profit to €369m ($479m), with higher sales across its three business segments, the German adhesives and soaps maker said on Wednesday.

Sales for the period grew 4.8% to €4.01bn, with operating profit registering a 25.2% increase to €430m, it said in a statement.

Its adhesives technologies segment posted a 16.2% increase in Q1 sales to €283m, Henkel said.

In its laundry and home care operations, sales surged by 56.4% to €157m, while Henkel’s cosmetics/toiletries business had a 7.1% rise in sales to €112m, the company said.

“Henkel had a good start to the fiscal year in spite of a challenging and volatile market environment,” said Henkel CEO Kasper Rorsted in the statement.

The company said its organic sales growth in the first quarter was 4.7% as it confirmed its full-year 2012 growth sales target of 3–5%.

($1 = 0.77)

By: Pearl Bantillo
+65 6780 4359

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