Henkel reports impressive third quarter
Strong 2010 sales key to meeting 2012 targets
German personal care giant Henkel has reported positive third quarter results, announcing a sales increase of 13.7% over the previous year’s quarter to make €396m, with sales after adjustment for foreign exchange growing by 6.5%. The cosmetics and toiletries area of the company outperformed market growth, according to the company, recording an increase of 4.6%.
The sector continued to register steady growth in western Europe while development in North America was seen as stable. In the emerging markets such as Asia (excluding Japan), Africa, the Middle East, Latin America and eastern Europe, growth was also above average.
According to Henkel ceo, Kasper Rorsted: “In the third quarter, we further extended our recent success with results that are even better than the good performance we have shown in recent quarters. 2010 is likely to be the most successful fiscal year in our corporate history, taking us an important step closer to our 2012 financial targets.”