Strong turnover and profit increases for Henkel

Strong turnover and profit increases for Henkel

Henkel’s first quarter turnover and profit both grew a lot. It also achieved a nice feat: for the first time ever, the German trade group surpassed the 5 billion euro turnover milestone.

“Strong result despite challenging market”

“Henkel delivered a strong performance in the first quarter in a highly challenging market environment”, a satisfied CEO Hans van Bylen said. Its turnover grew 13.6 % to 5.064 billion euro, with autonomous turnover growth at 4 % for the manufacturer of Persil (laundry detergent), Pritt (glue), Fa (hygiene) and Schwarzkopf (shampoo). The emerging markets are still the main reason for the company’s growth, with a 6.7 % autonomous turnover growth. Its operational profit (EBIT) also grew 13.8 % to 854 million euro.

 

Even though the Belgian CEO warned for “an uncertain market environment, continued currency fluctuations, more expensive commodities and higher costs”, he maintained the company’s full-year forecast: a 2 to 4 % autonomous turnover growth, an EBIT margin of 17 % or better and a 7 to 9 % profit increase per preferred share.

 

In the past quarter, Henkel acquired Darex Packaging Technologies’ global activities from GCP Applied Technologies and struck a deal to acquire Mexican haircare product manufacturer Nattura Laboratorios. Only last year, it acquired laundry brand Sun (for 3.6 billion euro) and the Germans seem determined to make their mark on the American markets, dominated by Procter & Gamble and British-Dutch Unilever.

Questions or comments? Please feel free to contact the editors


Gerelateerde items

Unilever will cut jobs at Belgian retail sales team

22/01/2018

Unilever Belgium will restructure its team of store representatives and cut eleven jobs. The company confirmed that to RetailDetail.

Decent profit for The Sting in fiscal year 2016

22/01/2018

Fashion chain The Sting generated a profit once more in 2016, after it had to deal with a more than 5 million euro loss in the year before. Affiliate brand Costes also generated a profit in its fiscal year 2016.

Ceconomy issues profit alert for first quarter

22/01/2018

Media Markt and Saturn’s parent company, Ceconomy, issued an alert warning it would probably have weaker first quarter results.

Lower turnover and new CEO for Geox

19/01/2018

Italian shoe brand Geox’ turnover dropped slightly in the past fiscal year. It also replaced former CEO Gregorio Borgo with Matteo Mascazzini, who came from Italian fashion brand Gucci.

Slower growth for Primark

18/01/2018

Irish fashion chain Primark has seen its first quarter turnover grow 7 % at level exchange rates and 9 % taking the fluctuations into account. Analysts however had expected faster growth.

Aldi Nord and Aldi Süd collaborate for animal welfare

18/01/2018

Aldi Nord and Aldi Süd will join forces for a unique collaboration: they will launch their own animal welfare quality mark. “Fair & Gut” (Fair and Good) will launch in Germany for poultry products, but steadily expand.

Back to top