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Henkel intends to divest its stake in Ecolab
27 Feb '08
1 min read
“Once again, we achieved a good performance in 2007. Our organic sales growth and further increase in profits were encouraging.
All our business sectors contributed to this success and we maintained sales momentum in our growth regions,” commented Ulrich Lehner, Chairman of the Management Board of Henkel KGaA.
“These results demonstrate the effectiveness of our strategy of focusing on our core businesses while striving for innovation leadership in each of our markets.”
Ecolab Inc, in which Henkel holds a 29.4 percent stake, reported sales of 5,470 million US dollars for fiscal 2007. As of December 31, 2007 the market value of this interest amounted to approx. 3,723 million US dollars (approx. 2.5 bn euros).
All our business sectors contributed to this success and we maintained sales momentum in our growth regions,” commented Ulrich Lehner, Chairman of the Management Board of Henkel KGaA.
“These results demonstrate the effectiveness of our strategy of focusing on our core businesses while striving for innovation leadership in each of our markets.”
Ecolab Inc, in which Henkel holds a 29.4 percent stake, reported sales of 5,470 million US dollars for fiscal 2007. As of December 31, 2007 the market value of this interest amounted to approx. 3,723 million US dollars (approx. 2.5 bn euros).
Henkel KGaA
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