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Henkel Continues Sales Growth In 3Q, Reconfirms 2012 Guidance

11/16/2012 | 02:34am US/Eastern
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German household consumer products maker Henkel AG & Co KGaA (>> Henkel AG & Co KGaA) Friday reconfirmed its 2012 guidance and posted third-quarter revenue growth, as demand from emerging markets continues to support sales in all three business sectors.

MAIN FACTS:

-Sales rose 6.6% on the year in the third quarter of 2012 to EUR4.29 billion ($5.47 billion) with all three divisions contributing to positive growth to the figure.

-The laundry and home care division posted organic sales growth of 4.6%, beauty care revenue grew 3.3% organically and adhesive technologies sales increased with an organic growth of 1.0%.

-Excluding western Europe where organic sales decreased by 0.8%, all regions contributed to sales growth, with sales in emerging markets increasing by 10.1% to EUR1.89 million.

-Third-quarter net profit was up 29.3% on the year to EUR397 million, but failed to meet analyst expectations of EUR428 million.

-Earnings per share for the third quarter of 2012 were up 16.5% on the year at EUR0.99, but fell slightly short of analysts expectations of EUR1.00.

-The company backs its 2012 view, seeing adjusted EBIT margin at 14%, adjusted EPS growth on the year at approximately 15% and 2012 organic sales growth up 3%-5%.

-"We are well on track and fully committed to achieving our targets for full fiscal 2012," chief executive Kasper Rorsted said.

 
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500 
 

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Stocks mentioned in the article : Henkel AG & Co KGaA
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