BERLIN — Henkel reported a strong third quarter, with cosmetics and toiletries earnings before interest and taxes rising 13.7 percent and sales gaining 9.1 percent.
EBIT reached $113.7 million, or 89 million euros at current exchange, on sales of $947.5 million, or 742 million euros. The company said the successful integration of the former Gillette deodorant brands contributed to strong quarterly sales, and placed the rate of organic sales growth at 3 percent.
The hair cosmetics business continued to develop positively, especially in colorants, and market positions in Europe expanded in all hair cosmetics categories. Fa and Dial sparked further growth in the body care sector, and skin care activity for the quarter was marked by the launch of Diadermine Lift+Re-Sculpture Cream. The hair salon business performed particularly well in Eastern Europe and North America, centering on the relaunches of OsiS (styling) and VITON S (colorant).
For the year as a whole, Henkel said it continues to expect organic sales growth in the cosmetics toiletries sector to be above the market average, with a further increase in operating profit. For the group, which also includes laundry and home care, adhesives and technology divisions, Henkel is forecasting organic sales growth of around 5 percent for the full fiscal year and a gain of about 10 percent in operating profit.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)