Henkel'sl Q1 results show that it is feeling the economic pinch

Published: 6-May-2009

German consumer goods giant Henkel has seen a “very mixed” set of recent results, according to its ceo Kasper Rorstead who said the company were “dissatisfied” with its 2009 first quarter figures.


German consumer goods giant Henkel has seen a “very mixed” set of recent results, according to its ceo Kasper Rorstead who said the company were “dissatisfied” with its 2009 first quarter figures.

Henkel has seen an organic sales decline of exactly 7% while its adjusted operating profit fell by 26.1% to €235m. The adjusted earnings per preferred share also fell by an even larger 39.2% to €0.31.

Commented Rorsted: “We have felt the effects of a persistently adverse economic climate with our businesses turning in a very mixed set of results for the first quarter of this year. Our two consumer goods business sectors, Laundry & Home Care and Cosmetics & Toiletries, continue to perform very well but the Adhesives Technologies business has suffered from the challenges encountered in major customer industries worldwide.”

But it was not all bad news for the company as Henkel also saw an overall sales increase of 3.1% to €3.258m compared to the same quarter in 2008.

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