Home / Knowledge / News / Textiles / Henkel posts Q3 organic sales growth of 4.2%
Henkel posts Q3 organic sales growth of 4.2%
13
Nov '13
Henkel announces results for the third quarter 2013.

Highlights:

- Solid organic sales growth of 4.2%
- Sales impacted by foreign exchange effects: 4,184 million euros (-2.6%)
- Adjusted operating profit: +6.5% to 672 million euros
- Adjusted EBIT margin: +1.4 percentage points to 16.1%
- Adjusted EPS again with double-digit growth: +11.1%
- Very strong organic sales growth in emerging markets

“Despite an increasingly challenging market environment, Henkel continued its strong performance in the third quarter and was able to accelerate organic growth quarter by quarter in 2013. We significantly increased both earnings and profitability – with our EBIT margin exceeding 16 percent for the first time,” said Henkel CEO Kasper Rorsted.

“We achieved solid organic sales growth with all our business sectors and regions contributing. The emerging markets once again showed a particularly dynamic development. However, foreign exchange effects negatively impacted reported sales.”

Looking at the remainder of the year, Rorsted stated: “The economic environment will remain difficult. Therefore we will continue to adapt our processes and structures in order to further improve our flexibility and efficiency in this volatile market environment.”

2013 guidance confirmed – higher margin expected

“As previously stated, we expect organic sales growth to be between 3 and 5 percent in the full fiscal year and adjusted earnings per preferred share (EPS) to increase by about 10 percent. For our adjusted EBIT margin, we are raising our forecast from about 14.5 percent to about 15 percent,” Kasper Rorsted said.

Sales and earnings performance in the third quarter 2013

Henkel generated sales of 4,184 million euros in the third quarter of 2013. This was below the prior-year figure due to negative foreign exchange effects amounting to 6.7 percent. Nominally, sales decreased by 2.6 percent. Organic sales growth, which excludes the impact of foreign exchange and acquisitions/divestments, reached solid 4.2 percent, with all business sectors contributing.

Laundry & Home Care recorded strong organic sales growth of 5.5 percent. Beauty Care achieved a solid organic growth rate of 3.1 percent. Adhesive Technologies also registered solid growth with organic sales rising by 4.2 percent versus the prior-year quarter.

After allowing for one-time gains, one-time charges and restructuring charges, adjusted operating profit improved by 6.5 percent, from 631 million euros to 672 million euros, with all three business sectors contributing. Reported operating profit (EBIT) was 649 million euros compared to 586 million euros in the third quarter of 2012.

Click here to read full results

Henkel

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search