Germany’s Henkel Q3 net profit rises 29.3%, sales up 6.6%

16 November 2012 08:02  [Source: ICIS news]

SINGAPORE (ICIS)--Henkel reported a 29.3% year-on-year rise in third-quarter net income to €397m ($509m) on the back of higher sales, the German adhesives and soaps maker said on Friday.

Sales for the quarter grew by 6.6% to €4.29bn, with adjusted operating profit up by 16.7% to €631m, the company said in a statement.

In the first nine months of the year, Henkel’s net profit was up 21.8% year on year to €1.17bn, with sales rising 6.0% to €12.5bn.

Adjusted operating profit for January-September 2012 was up 17.3% to €1.79bn.

For the whole of 2012, Henkel expects organic sales to grow by 3-5%.

($1 = €0.78)

By: Surinder Malhi
+65 6780 4327

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