Schwarzkopf Maker Henkel Delivers Profitable Growth In Fiscal 2018
Published on Feb 23 2019 7:50 AM
Schwarzkopf and Persil maker Henkel achieved 2.4% organic sales growth with strong earnings, profitability and cash flow.
According to the German cosmetics and home care company’s recently published financial 2018 results it adjusted operating profit (EBIT) improved by 1% to €3,496 million ‘a new high for Henkel’.
“In 2018, we continued to deliver profitable growth for Henkel. We achieved good organic growth with new highs in earnings and profitability,” said Hans Van Bylen, Henkel CEO.
“We also significantly increased free cash flow.”
Premium Vegan Brand
Headquartered in Düsseldorf, the German company announced new hair care formulations and brands, earlier this week.
It outlined its plans to relaunch its European shampoo brand Schauma with a 'vegan' formula, roll out to more markets its Nature Box line of hair and body care products made from cold-pressed oils and launch a new 'free-from' hair dye line called OnlyLove.
Reflecting the increased growth investments from 2019 onwards, Henkel expects an organic sales growth of between 2 and 4%in the current fiscal year, according to the report.
For the adjusted EBIT margin, the group expects a range of 16 to 17% and an adjusted Earnings Per Share (EPS) development in the mid-single percentage range.
“We are convinced that Henkel is well-positioned for the future. We have a clear strategy and pursue ambitious targets,” summarized Van Bylen.
“With our increased investments in brands, technologies, innovations and digitalization, we are emphasizing our commitment to deliver sustainable profitable growth.”
© 2019 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. Click subscribe to sign up for the Checkout print edition.