Record turnover for Henkel

Record turnover for Henkel

German Henkel has had a record second quarter, when turnover reached nearly 5.1 billion euro. For the first time ever, its six-month turnover surpassed the 10 billion euro milestone, thanks to its acquisition of laundry detergent company Sun.

Sun gives Henkel a boost

The German company, which owns brands like Pritt, Schwarzkopf and Persil, acquired American laundry detergent company Sun last year for 3.6 billion dollar. It proved to be the right move, because its most recent quarterly results show that it now has a 5.098 billion euro turnover, up 9.6 % compared to last year. Autonomous turnover growth (excluding acquisitions and exchange rate fluctuations) reached 2.2 %, despite “a highly challenging market environment”, as expressed by CEO Hans Van Bylen.

 

Henkel’s profit also grew: the company’s second quarter profit reached 839 million euro (compared to 757 million euro last year) and its net profit also grew, from 561 to 624 million euro.

 

For the first time ever, the company’s six-month turnover surpassed the 10 billion euro mark, to 10.162 billion euro (+ 11.5 % and + 3.1 % organically). Nevertheless, the board is still vigilant: it forecasts a 2 to 4 % full-year autonomous turnover growth, a performance it expects each of its divisions (Adhesive Technologies, Beauty Care and Laundry & Home) to achieve.

Questions or comments? Please feel free to contact the editors


Gerelateerde items

Shoptalk announces new global event in Las Vegas

26/09/2017

In 2018, Shoptalk Europe will combine with Shoptalk U.S. to create the first global event focused on retail and ecommerce innovation. First, however, Shoptalk Europe will be held on 8-11 October 2017 in Copenhagen.

Shoptalk Europe: prices go up at midnight

21/09/2017

(advertorial) Shoptalk Europe, the event for retail and ecommerce innovation held 8-11 October 2017 in Copenhagen, covers trends, technologies and business models reshaping how consumers discover and shop in an age of digital disruption.

EuroCommerce: protectionism, Europe’s greatest challenge

15/09/2017

(Content provided by EuroCommerce) According to EuroCommerce Director-General Christian Verschueren, the sector faces many challenges due to a rising tide of protectionism worldwide and within Europe.

Last ten days for cheaper tickets Shoptalk Europe

14/09/2017

(advertorial) Shoptalk Europe (8-11 October in Copenhagen) is the new event for retail and ecommerce innovation. It covers transformational trends, technologies and business models reshaping how consumers discover and shop in an age of digital disruption.

"EU has to define eCommerce's boundaries better"

13/09/2017

Dutch European Parliament member Marietje Schaak feels the European Commission should create a better framework for digital trade in and with European member states. Otherwise, major internet companies will decide the standards themselves, she fears.

Europe wants legal framework for franchisees

13/09/2017

The European Parliament has accepted the “The functioning of franchising in the retail sector” study, which lists several solutions to strengthen a franchisee’s position.

Back to top