During the first quarter of its current fiscal year, German FMCG giant Henkel performed slightly below expectations. The glue division and care products were particularly affected by difficulties.
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Henkel has had a bad financial year: the German company's turnover went down 0.6 % at 19.9 billion euros due to negative exchange rate effects), while net profits went down by 8.3 % to 2.33 billion euros.
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CEO Hans Van Bylen is increasing Henkel's investment budget by 300 million euros per year to boost the growth rate. Digital transformation is at the top of the to-do list.
German multinational Henkel has reached a record quarterly turnover of 5.14 billion euro, but higher prices for raw materials and adverse exchange rate effects have pushed expected profits down.
Despite negative exchange rates and logistical issues in the United States, Henkel still sees positive signs in the first quarter. Its glue division outperformed the laundry and beauty divisions.
German Henkel experienced a strong 2017, with record numbers for both its profit and turnover. The company managed to surpass the 20 billion euro turnover milestone for the first time.
For the first time ever, Henkel will pass the fifteen billion euro turnover milestone for the first nine months of the year. The company will also increase its turnover and profit forecast on the back of these excellent performances.
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.
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.
Hans Van Bylen, German Henkel's Belgian CEO, expects the company will face little harm from American President Donald Trump's planned protectionist measures.
Henkel is set to invest more in its ten biggest brands, because its by new CEO Hans van Bylen,wants these to contribute more turnover in the future.
In the past quarter, German Henkel - manufacturer of brands like Schwarzkopf, Persil and Pritt - sold more, although the negative impact of the exchange rates meant turnover ended up lower than last year. Luckily for Henkel, profit did increase.
Unilever, Henkel and L’Oréal have all tabled a bid for shampoo manufacturer Vogue International, valued by some sources at 2.5 to 3 billion dollars (2.2 to 2.7 billion euro).
Henkel's first quarter profit and turnover both grew. The German manufacturer - which owns Persil, Schwarzkopf shampoo and Pattex glue among other things - took full advantage of the growing demand in several emerging markets.
Henkel has appointed Hans Van Bylen as its new CEO, succeeding Kasper Rorsted who had been an active member of Henkel's board of directors for eleven years. The Belgian has been with Henkel for more than thirty years.
Henkel's turnover and profit in 2015 grew markedly, partially because of its strong performance in the emerging markets. The German consumer goods giant targets another turnover increase this year.