Henkel’s Adhesives Group Sales Up 12% YoY
DUSSELDORF, GERMANY – In the first quarter of 2010, Henkel generated sales of 3.5 billion euros, up 7.8% year-over-year.
Net income was 266 million euros, up 119.8% year-over-year. Operating profit increased 93.3% to 422 million euros compared to last year.
Adjusted operating profit improved 79.1%. The company took restructuring charges of 31 million euros and recorded one-time gains of 32 million euros.
The firm’s Adhesive Technologies unit reported sales of 1.7 billion euros, up 12.4% year-over-year. The sector posted double-digit organic growth of 14.5%. This is attributed to substantial volume increases.
“Now we are looking forward to a noticeable improvement in our results of more than 15% for the full fiscal year versus 2009,” said Kasper Rorsted, chairman of the Henkel management board.
US$1 = 0.7871 euro
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