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.