PARIS -- Net profits for the Henkel Group, a diversified consumer products and chemicals company based in Dusseldorf, Germany, dropped 4 percent last year, to $233.3 million (385 million marks) at current exchange rates.
PARIS -- Net profits for the Henkel Group, a diversified consumer products and chemicals company based in Dusseldorf, Germany, dropped 4 percent last year, to $233.3 million (385 million marks) at current exchange rates.The company, which also markets cosmetics, toiletries and hair care products, attributed the drop to restructuring costs.Operating profits, however, jumped 16 percent last year, to $481.8 million (795 million marks). Consolidated sales for the group were down 2 percent, to $8.4 billion (13.9 billion marks). This decrease was due mainly to exchange rate fluctuations.Sales rose 14 percent in North America, but the business in Western Europe was flat. German sales dropped 2 percent.Cosmetics and toiletries achieved sales of roughly $1.4 billion. Domestic sales rose 5 percent, due in part to the 1992 acquisition of the consumer goods firm, Barnaengen, from Nobel Industrier AB of Sweden.Barnaengen's beauty brands, now owned by Henkel, include the Aapri facial care line, Mont St. Michel soaps and the Silkience and Activ hair care brands.Henkel's Fa range of toiletries will soon be expanded into China through a Hong Kong subsidiary established last year. Other brands in Henkel's cosmetics stable include the Diadermine skin care line and the Poly, Henara and FashionStyle hair care products.
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