By  on May 7, 2014

BERLIN — Henkel AG reported first-quarter adjusted net income climbed 8.4 percent to 452 million euros, or $619.3 million, driven by strong sales in emerging markets, particularly China and Latin America.

However, Henkel chief executive officer Kasper Rorsted warned that the negative foreign exchange effects that dented the consumer goods firm’s sales in Q1 were unlikely to improve in the months ahead.  

Revenues at Düsseldorf-based Henkel dipped 2.6 percent to 3.92 billion euros, or $5.37 billion. Adjusted operating profit rose 3.3 percent to 619 million euros, or $848.2 million for the period.

Dollar figures are calculated at average exchange rates for the three months ended March 31.

RELATED CONTENT: WWD Earnings Tracker >>

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus