BERLIN — Registering a 9.9 percent increase in net income and a 6.4 percent gain in sales in the second quarter, Henkel AG & Co. raised itsgrowth outlook for adjusted earnings per preferred share from 10 percent toaround 15 percent in 2012.
The Düsseldorf-based consumer goods and adhesives company continues to expect organic sales growth of between 3 percent and 5 percent and an adjusted return of sales (earnings before interest and taxes margin) of 14 percent for the year.
Second-quarter net profits were 412 million euros, or $529.5 million, while adjusted net income gained 22.4 percent to 431 million euros, or $553.9 million.
Operating profit (EBIT) rose 8.5 percent to 583 million euros, or $749.2 million. Allowing for one-time gains, one-time charges and restructuring charges, adjusted EBIT advanced 18.6 percent.
Company sales were 4.21 billion euros, or $5.41 billion. On an organic basis, which excludes the effects of currency exchange and acquisitions and divestments, revenues grew 4 percent.
All dollar figures are converted from the euro at the average exchange rate for the period to which they refer.
Henkel’s cosmetics and toiletries division, which includes brands Dial, Fa and Schwarzkopf, reported a 4.5 percent sales increase to 921 million euros, or $1.18 billion. Organic revenues rose 2.8 percent. The branch’s EBIT slipped 6.3 percent to 131 million euros, or $168.4 million, compared to 140 million euros, or $201.5 million, in the same prior-year period. But Henkel pointed out the 2011 figure included a one-time gain from the disposal of its branded consumer goods business in India. Adjusted EBIT for the quarter rose 7.1 percent.
Henkel said all regions supported the division’s growth, with the most dynamic performance in the emerging markets. Africa and the Middle East combined and Asia (excluding Japan) posted double-digit gains, while sales in Eastern Europe and Latin America also progressed strongly. Despite adverse economic conditions, the mature markets of Western Europe generated solid sales, and the company said North American revenues were positive.
In the first half of 2012, Henkel’s net income gained 18.3 percent to 770 million euros, or $999.5 million, while EBIT rose 15.5 percent to 1.12 billion euros, or $1.46 billion. Sales grew 5.6 percent to 8.21 billion euros, or $10.66 billion.
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews
“Stranger Things” is getting a new cast member for season 2. Meet @sadiesink_, the 15-year-old who will be joining the Netflix series for its new season. You may recognize her from “The Glass Castle” with Brie Larson and Woody Harrelson, but the Texas native’s next role goes in an entirely different direction. She describes her character, Max, as “a rough and tumble skater girl [who] becomes friends with the boys at school.” The second season debuts on October 27. (📷: @jgreenery) #wwdeye
Amid the Harvey Weinstein controversy, there’s another sector that’s being put under the spotlight for sexual abuse: the modeling industry. While rumors about abuse and sexual harassment of female and male models — and the photographers, agents and others who perpetrated it — have circulated within the fashion world for years, model @cameronrussell started posting stories from models on Instagram last week about abusive situations they’ve encountered — from sexual harassment and molestation to attempted rape. Over 75 have weighed in so far. Read more on WWD.com. Link in bio. #wwdnews
To celebrate its 16th anniversary, @dylanscandybar tapped designers and celebrities to create mosaics out of candy. The mosaics will be auctioned off to support the philanthropic cause of each participant’s choice. Pictured here is the mural created by @aliceandolivia's Stacey Bendet. For a first look at some of the other artwork being unveiled tonight, go to WWD.com. #wwdeye
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye