By  on January 29, 2010

BERLIN – Henkel AG & Co.’s 2009 operating profits increased 38.6 percent to 1.08 billion euros, or $1.51 billion, according to preliminary numbers released by the company.

The EBIT figure includes one-time gains and restructuring charges amounting to 284 million euros, or $323.6 million. Adjusted EBIT declined 6.9 percent to 1.36 billion euros, or $1.9 billion.

Sales for the Dusseldorf-based company, whose activities include cosmetics and toiletries, laundry and home care, and adhesive divisions, slipped 4 percent to 13.57 billion euros, or $18.92 billion, in 2009. Adjusted for foreign exchange and acquisitions and divestments, revenues decreased 3.5 percent.

Henkel’s cosmetics and toiletries business ended 2009 with a 2.9 percent EBIT gain to 387 million euros, or $539.7 million, and its adjusted EBIT growth was 2.1 percent. Henkel’s beauty sales were flat at 3.01 billion euros, or $4.2 billion, and the company noted an organic revenues increase of 3.5 percent.

For fiscal 2010, Henkel said it expects to outperform the market in terms of organic sales growth, and it forecasts that EBIT adjusted for one-time gains and charges and restructuring charges will “improve noticeably” compared to 2009 figures.

To access this article, click here to subscribe or to log in.

load comments
blog comments powered by Disqus