BERLIN — Henkel AG’s first-quarter net income rose 11.6 percent to 538 million euros, or $593.4 million, with all three business units contributing to the growth.
Operating profits for the Düsseldorf-based consumer goods firm, which holds brands including Schwarzkopf, Dial and Loctite, advanced 10.7 percent to 717 million euros, or $790.8 million.
Henkel reported a 0.6 percent rise in sales for the three-month period ended March 31 to 4.46 billion euros, or $4.92 billion. In organic terms, sales increased 2.9 percent.
Henkel’s beauty care business segment expanded market share, registering a sales uptick of 1.1 percent to 950 million euros, or $1.05 billion. On an organic basis, revenues gained 2.6 percent. Operating profits for the unit advanced 7.5 percent to 143 million euros, or $157.7 million. Growth was led by emerging markets.
Dollar figures are converted at average exchange for the period to which they refer.
“We expect the overall challenging market environment to continue in 2016 — with only moderate global economic growth, high uncertainties in the markets and unfavorable foreign exchange developments,” stated company chief executive officer Hans Van Bylen, who replaced Kasper Rorsted in the post on May 1.
Henkel also confirmed its forecast for 2016, saying it anticipated organic sales growth of 2 percent to 4 percent and a rise in adjusted EBIT margin of around 16.5 percent.