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Emerging Markets Provide Boost For Henkel Profits In Q3

By Publications Checkout
Emerging Markets Provide Boost For Henkel Profits In Q3

Henkel, the manufacturer of Persil washing powder, Pritt glue sticks and Schwarzkopf hair care products, has revealed a rise in third quarter earnings as a result of strong growth in emerging countries.

In a statement, chief executive Kasper Rorsted commented on the sales growth and said, “The emerging markets once again showed a particularly dynamic development.”

Overall, Henkel reported third quarter adjusted earnings before interest and tax (EBIT) of €672 million, and the company will now anticipate an adjusted EBIT margin of about 15% for the year, up from a previous forecast of 14.5%. “We significantly increased both earnings and profitability,” Rorsted noted.

According to Joerg Philipp Frey, an analyst at M.M. Warburg in Hamburg, “The margin is excellent.” He told Bloomberg, “Laundry and home-care performed nicely. I expected even a bit more in adhesives.”

© 2013 - Checkout Magazine by Stephen Wynne-Jones


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