Henkel’s Q3 Net Income Drops 8.5% PDF Print E-mail
Written by Chelsey Drysdale   
Friday, 11 November 2011 16:00

DUSSELDORF, GERMANYHenkel’s sales in the third quarter of 2011 increased to $5.5 billion, up 1.7% year-over-year.

Net income was $431.7 million, down 8.5% compared to the third quarter of 2010.

Adhesive Technologies attained sales growth of 8.7%.

“All our business sectors contributed to this growth, and with further double-digit increases in our growth regions, we improved their share to 43% of our total sales. Despite higher raw material prices, we managed to improve profitability in all our business sectors,” said Henkel CEO Kasper Rorsted.

For the first nine months of fiscal 2011, Henkel increased sales 3.9% to $16.2 billion compared to the same period last year.

Net income for the first nine months was $1.35 billion, up 10.7% year-over-year.

The company said it expects full-year 2011 organic sales growth to be between 5 and 6%. The adjusted EBIT margin is expected to increase to around 13%, and adjusted earnings per preferred share about 10%, says Rorsted.

 

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