Henkel full year results match predictions

Multinational consumer goods company Henkel has achieved its predicted 2009 results following the announcement of its final figures yesterday and has achieved sales of €13.5m, a fall of 3.5% on an organic basis (adjusted for foreign exchange and acquisitions and divestments).

The company experienced a significant drop in sales during the first quarter 2009 caused by the economic crisis. And despite the final three quarters highlighting a gradual recovery to normal conditions it was not enough to get sales into the positive. The Laundry & Home Care sector grew by 2.9%, however it was a disappointing year for the third business sector, Adhesive Technologies, which posted a 10.2% fall.

However, the C&T sector gave a glimmer of hope to the company as it posted a respectable 3.5% rise to reach €3m. This was put down to a strong performance of the branded consumer goods business in Eastern Europe, Africa/Middle East, Latin America and Asia Pacific. The hair care sector also outperformed despite the credit crisis thanks to Scwarzkopf Essential Colour – a permanent hair colourant without ammonia – and the launch of the Syoss brand. In the body care sector the Fa and Dial brands were to thank for a successful year while the introduction of Diadermine’s Dr Caspari Method Dermo-Ident treatment gave the company’s skin care sector a boost.