C&T business’ Q1 2010 growth outstrips that of recent quarters
German consumer goods giant Henkel has generated sales of €3.5bn in the first quarter of 2010, an increase of 7.8% compared to the same period of the prior year and 7.5% organically, taking into account foreign exchange, acquisitions and divestments. With an organic sales increase of 5.5% the company’s C&T business sector outstripped both the high levels of growth achieved in recent quarters and overall market expansion.
According to Henkel, its hair care business fared exceptionally well as a result of the relaunch of its Schauma Volume series and Gliss Shea Cashmere line.
Regionally, Henkel’s fastest growing markets were Asia Pacific, Africa/Middle East, Latin America and Eastern Europe.
However, it was the company’s adhesives technologies business that boosted overall figures for the quarter, with an increase in organic sales of 14.5%.