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Henkel FY Profit Rises

The maker of Schwarzkopf, Fa and Syoss products registered adjusted net profit that gained 9.1 percent in 2017 versus 2016.

PARIS – Henkel AG registered adjusted net profit for 2017 that was up thanks to its adhesive technologies unit and acquisitions and divestitures.

The Düsseldorf, Germany-based maker of Schwarzkopf, Fa and Syoss products said Thursday that adjusted net profit for the 12-month period was 2.53 billion euros, up 9.1 percent against 2016.

Company sales gained 7 percent to 20.03 billion euros. On an organic basis, they were up 3.1 percent.

Henkel’s adhesives business unit generated organic sales growth of 5 percent, while in nominal terms its revenues increased 4.8 percent to 9.39 billion euros.

The beauty care division’s sales advanced 0.5 percent on an organic basis and 0.8 percent in nominal terms to 3.87 billion euros.

For 2017, acquisitions and divestitures contributed 5.9 percent of sales growth.

Henkel said that on the back of the strong performance in 2017, it expects for 2018 that it will post organic sales gains of 2 percent to 4 percent with each of its three business units in that range. The company also anticipates a rise in adjusted return on sales of more than 17.5 percent with all business units contributing.

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“Reflecting the uncertainties in the currency markets, especially the U.S. dollar trend, Henkel expects an increase in adjusted earnings per preferred share in euro of between 5 and 8 percent,” the company said in a statement.