Sales of Henkel-owned brands reached a new high in Q3 2016, growing 3.4% to reach €4.7bn.
All of the German company’s business divisions contributed to its success, with Beauty Care posting an organic sales rise of 2.6%. Henkel owns a number of beauty brands with top-sellers including hair care brand Schwarzkopf and deodorant brand Right Guard.
Henkel CEO Hans Van Bylen said: “Henkel continued to deliver strong business performance in the third quarter.
Sales, adjusted EBIT and adjusted earnings per preferred share reached new highs. The successful development and the high quality of earnings was driven by all three business units and the strong commitment of our global team.”
For this fiscal year, organic sales growth is still expected to reach the current outlook of 2-4%, while Henkel predicts adjusted EBIT margin to rise to more than 16.5%. Adjusted earnings per preferred share are anticipated to grow between 8-11%.
Van Bylen added: “We expect the overall challenging and uncertain market environment to persist in 2016. We will continue to focus on leveraging our successful brands, leading market positions and strong innovation capabilities to achieve our ambitious targets.”
