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Henkel Net Gains 30.3% in Q1

Sales at the German adhesives and cosmetics firm advanced 4.8 percent.

BERLIN — Henkel AG grew sales and earnings in the first quarter of 2012, supported by all divisions of the German consumer goods and adhesives company, and continued growth in the emerging markets.

Net income for the quarter advanced 30.3 percent to 378 million euros, or $495.6 million, while adjusted operating profit (allowing for one-time gains, one-time charges and restructuring charges) gained 16.6 percent to reach 551 million euros, or $722.3 million.

Dollar figures are converted from the euro at an average exchange rate for the period.

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Group sales were up 4.8 percent to reach 4.01 billion euros, or $5.25 billion. In organic terms, excluding the impact of foreign exchange and acquisitions/divestments, sales rose 4.7 percent.

Henkel’s cosmetics and toiletries division — which includes the brands Dial, Fa and Schwarzkopf — reported ongoing profitable growth. Sales increased 4.9 percent (4 percent organic) to 861 million euros, or $1.13 billion. Adjusted operating profit for the division moved ahead 9.3 percent to 124 million euros, or $162.6 million.

Henkel confirmed its 2012 targets, which call for organic sales growth of between 3 and 5 percent, and an adjusted return on sales (EBIT) margin of 14 percent, compared to 13 percent in 2011.