By  on November 10, 2010

BERLIN – Henkel AG & Co. registered a 90.6 percent increase in third-quarter net profits to 343 million euros, or $442.5 million, due largely to the recovery in its adhesives division that had been hard hit by the global financial crisis. 

The Düsseldorf-based company said its adjusted net profits, which take into account one-time charges, gains and restructuring costs, were up 34.5 percent to 355 million euros, or $458 million.

Dollar figures are converted at average exchange for the three-month period ended Sept. 30.

Henkel's sales grew 13.7 percent to 3.96 billion euros, or $5.11 billion.  Adjusted for foreign exchange, acquisitions and divestments, revenues rose 6.5 percent.

Henkel's operating profits gained 73 percent to 501 million euros, or $646.4 million, while adjusted EBIT rose 27 percent to 517 million euros, or $667 million. 

The firm's cosmetics and toiletries division, which includes brands Dial, Fa and Schwarzkopf, reported 10.7 percent sales growth to 845 million euros, or $1.09 billion.  Operating profit for the division increased 13.4 percent to 113 million euros, or $145.8 million.  

Looking ahead, Henkel chairman Kasper Rorsted stated, "2010 is likely to be the most successful fiscal year in our corporate history, taking us an important step closer to our 2012 financial targets."

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