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Henkel Shampoo Sales Slide But Cleaning Products Soar

By Donna Ahern
Henkel Shampoo Sales Slide But Cleaning Products Soar

German consumer goods group Henkel reported a big drop in sales of its beauty care business on Thursday due to the closure of hair salons due to the coronavirus and a hit to its adhesives unit, but saw a surge in demand for cleaning products.

Henkel said group second-quarter sales fell 11% to €4.6 billion meeting average analyst forecasts for €4.6 billion and a decline of 9.4% after stripping out the effect of currencies and acquisitions.

Adjusted operating profit for the first half fell 28% to €1.191 billion.

Henkel, which makes Dial soap and Persil detergent, declined to give an outlook for the full year due to continued uncertainties.

News by Reuters edited by Donna Ahern, Checkout. Click subscribe to sign up for the Checkout print edition.

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