WWD.com/beauty-industry-news/financial/henkel-net-rises-9-percent-in-q1-3601260/
government-trade
government-trade

Henkel Net Rises 9 Percent in Q1

German firm said revenues gained 8.9 percent, aided by product launches.

BERLIN — Henkel Group said its first-quarter net income rose 9 percent to 290 million euros, or $396.3 million.

The Düsseldorf-based maker of cosmetics and toiletries, cleaning products and adhesives reported group revenues of 3.82 billion euros, or $5.22 billion, an increase of 8.9 percent, or 6.8 percent when adjusted for currency impacts.

All dollar rates are converted at average exchange rates for the three-month period ending March 31.

Henkel’s cosmetics and toiletries division, which holds brands including Schwarzkopf, Fa and Dial, registered a quarterly sales uptick of 7.7 percent to 821 million euros, or $1.12 billion, which the company said was fueled by new product launches.

Operating profit for the firm rose 1.9 percent to 430 million euros, or $587.7 million. Adjusted for restructuring and one-time gains and charges, EBIT was up 12.1 percent to 473 million euros, $646.4 million.

The company confirmed its annual fiscal forecast for an adjusted EBIT margin of about 13 percent, and increased its predictions slightly for organic sales to the upper end of the 3 to 5 percent range.