BERLIN — Following the company’s best recorded year in its 135-year history, Henkel AG & Co. reconfirmed its financial targets for 2011.
At Henkel’s annual meeting today in its hometown of Dusseldorf, chief executive officer Kasper Rorsted said the company expects to achieve organic growth of between 3 and 5 percent in 2011, an adjusted EBIT margin of approximately 13 percent and a rise in adjusted earnings per preferred share of about 10 percent.
As previously reported, the German maker of cosmetics and toiletries, cleaning products and adhesives reported net profits rocketed 82 percent to 1.14 billion euros, or $1.51 billion, last year. Group sales rose 11.2 percent to 15.09 billion euros, or $20.04 billion. Dollar figures are converted from the euro at average exchange rates for the periods in question.
In divisional profit figures just released, Henkel’s cosmetics and toiletries division showed increased adjusted operating profit of 12.4 percent to 436 million euros, or $579 million, a new record.
Henkel’s beauty sales, as previously noted, rose 8.6 percent to 3.27 billion euros, or $4.34 billion. Rorsted noted the major growth drivers were the group’s hair care and colorants businesses.
Rorsted emphasized the importance of the emerging markets in Henkel’s future growth strategy. These markets currently contribute 41 percent of group sales, and are expected to generate 45 percent by the end of 2012.