Henkel misses Q2 target but hopeful for full year

Published: 6-Aug-2008

German chemicals, consumer products and cosmetics group Henkel has reported a slump in second quarter net profits from €234m to €38m, well below market expectations. Sales rose 11.4% to €3.7bn. However, Kasper Rorsted, who took over at the head of the company in April, has remained optimistic over revenue prospects for the full year and has forecast organic growth of between 3% and 5%. The company is currently engaged in a major restructuring operation that has helped cut operating earnings.


German chemicals, consumer products and cosmetics group Henkel has reported a slump in second quarter net profits from €234m to €38m, well below market expectations. Sales rose 11.4% to €3.7bn. However, Kasper Rorsted, who took over at the head of the company in April, has remained optimistic over revenue prospects for the full year and has forecast organic growth of between 3% and 5%. The company is currently engaged in a major restructuring operation that has helped cut operating earnings.

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