PARIS — Germany’s Henkel AG reported net income in the first quarter advanced 5.7 percent to 482 million euros, or $543.9 million.
The consumer products firm noted all business units contributed to the gain, supported by good organic sales growth, the impact of acquisitions made last year and the strong U.S. dollar.
Operating profits for the Düsseldorf-based maker of Schwarzkopf, Dial and Loctite adhesives climbed 6.5 percent to 648 million euros, or $731.3 million.
Sales in the three months ended March 31 were up 12.7 percent to 4.43 billion euros, or $5 billion. The beauty care division registered revenues of 940 million euros, or $1.06 billion, a 9.9 percent uptick.
Dollar figures are converted at average exchange for the period to which they refer.
Looking ahead to the rest of 2015, Kasper Rorsted, Henkel chief executive officer, stated: “We expect the economic environment to remain difficult. Due to the continuing conflict between Russia and Ukraine, we still assume that the Eastern European economy will stagnate in 2015. In this context, a high degree of agility and flexibility will remain key success factors. We will therefore continue to simplify and accelerate our structures and processes.”
Henkel confirmed its 2015 guidance: organic sales growth of 3 percent to 5 percent; and about 10 percent growth in adjusted earnings per preferred share.