Germany's Henkel Q2 net profit up by 9.6% at €401m

01 August 2012 08:54  [Source: ICIS news]

SINGAPORE (ICIS)--Henkel posted a 9.6% year-on-year rise in its net profit to €401m ($495m) in the second quarter of this year, buoyed by higher sales across its three business segments, the German adhesives and soaps maker said on Wednesday.

Its total sales for the period grew by 6.4% year on year to €4.21bn, with operating profit posting an 8.5% increase to €583m, it said in a statement.

Henkel’s laundry and home care segment posted a 6.6% increase in sales to €1.15bn in the first quarter of this year, while revenues at its cosmetics/toiletries business were up by 4.5% at €921m, the company said.

The firm’s adhesives technologies segment rose by 6.9% year on year to €2.1bn, it added.

“We expect that the very volatile environment with uncertainties in our markets will persist. In particular, the effects of the debt and financial crises in a number of countries will continue to be a challenge,” said Henkel CEO Kasper Rorsted.

For the first half of 2012, the company’s net profit was up by 18.3% year on year at €770m, with sales rising by 5.6% to €8.21bn.

Its operating profit for January-June 2012 was up by 15.9% year on year at €1.12bn.

“We expect organic sales growth to be between 3 and 5 percent and to increase adjusted EBIT [earnings before interest and taxes] margin to 14 percent,” Rorsted added.

($1 = €0.81)

By: Nurluqman Suratman

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