8/10/2017, 7:39 AM (Source: TeleTrader)
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Henkel posts 10.3% net income growth in Q2

Henkel AG & Co. KGaA said on Thursday its net income rose 10.3% to €631 million in the second quarter of 2017, compared to €572 million achieved in the same period a year ago. Earnings per preferred share stood at €1.44, marking a 10.8% increase from €1.30 in the second quarter of 2016. Operating profit was up 10.8% to €839 million in the three-month period.

Sales showed a nominal growth of 9.6% and an organic growth of 2.2% year on year to €5.1 billion with the largest rise recorded in the laundry and home care products, where sales surged 26.6% year on year to €1.7 billion. Sales of adhesive technologies rose 3.5% to €2.4 billion and beauty care sales were up by 0.9% to €997 million in the second quarter.

"Henkel delivered a strong performance in the second quarter, reaching new highs in quarterly sales, adjusted operating profit and EBIT margin as well as earnings per preferred share," CEO Hans Van Bylen stated. "Currency fluctuations are likely to continue and we anticipate the difficult conditions in the consumer goods markets to persist. We are fully committed to continue our successful development and implement our strategic priorities."

Baha Breaking News (BBN) / NP