German Henkel, which owns brands like Persil and Schwarzkopf, has had an organic 2.3 % turnover growth in its third quarter. The growth was fueled by the emerging markets, where turnover even went 6.7 % higher.
Growth in all divisions
The German company reached 4.236 billion euro in its third quarter, while its operational profit also grew 3.1 % to 693 million euro despite the "difficult economic environment". Its organic turnover grew in every division, bar none. Nevertheless, Henkel remains cautious for its full year forecast.
"We continue to expect organic sales growth of between 3 and 5 percent. We have raised our guidance for adjusted EBIT margin and now anticipate an increase to just under 16.0 percent", Henkel said.