Henkel boosts profitability in Q1 2012
Sales reach in excess of €4bn
Düsseldorf based Henkel has announced solid sales growth for the first quarter of 2012. Sales exceeded €4bn, an increase of 4.8% compared to the prior year quarter. After allowing for one time gains, one time charges and restructuring charges, adjusted operating profit improved by 16.6% from €473m to €551m.
Henkel’s cosmetics and toiletries business sector continued its upward trend in terms of profitable growth. Sales were 4.9% higher than the first quarter of 2011, reaching €861m. Meanwhile, adjusted operating profit in the cosmetics and toiletries sector increased 9.3% to €124m.
“Henkel had a good start to the fiscal year in spite of a challenging and volatile market environment,” commented Henkel ceo Kasper Rorsted. “We expect that volatility and uncertainty will continue to influence our markets. Therefore we will continue to adapt our structures and processes so that we can respond more quickly and flexibly than our competitors.”