BERLIN – Henkel Group’s first-quarter net profits more than doubled on sales that rose 7.8 percent.
The Dusseldorf-based company posted net income of 266 million euros, or $368.6 million, up 119.8 percent versus the first quarter of 2009, propelled by the improved performance of its adhesive technologies division.
Group sales reached 3.51 billion euros, or $4.86 billion. At constant group structure and exchange rates, revenues gained 8.8 percent.
Dollar figures are converted at average exchange for the three-month period ended March 31. Henkel’s cosmetics and toiletries division posted a 5.8 percent sales uptick to 762 million euros, or $1.06 billion.
Its EBIT gained 10.1 percent to 100 million euros, or $138.6 million. For the full year, Henkel said it expects adjusted EBIT to increase by more than 15 percent versus 2009.