DGAP-News
Henkel AG & Co. KGaA:
DGAP-News: Henkel AG & Co. KGaA / Key word(s): Quarter Results
Henkel AG & Co. KGaA:
11.11.2014 / 07:33
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November 11, 2014
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Henkel confirms 2014 targets with higher EBIT margin expected
Henkel reports solid performance in third quarter
despite difficult market environment
- Sales rise 1.2% to 4,236 million euros (organic: +2.3%)
- Adjusted operating profit: +3.1% to 693 million euros
- Adjusted EBIT margin: +0.3 percentage points to 16.4%
- Adjusted earnings per preferred share (EPS): +6.4% to 1.17 euros
- Strong organic sales growth in emerging markets: +6.7%
Düsseldorf - "Despite a difficult economic environment, Henkel reported a
solid performance in the third quarter of 2014. We increased organic sales
in all our business units and further improved our profitability," said
Henkel CEO Kasper Rorsted. "With a strong increase in organic sales,
emerging markets once again delivered above-average growth. The acquisition
of The Bergquist Company in the third quarter will further advance the
leading position of Adhesive Technologies. In the course of this year, we
have invested about
1.7 billion euros across all three business units in order to further
strengthen our portfolio."
Commenting on the market conditions for the remainder of the fiscal year,
Rorsted said: "We face an ongoing conflict between Russia and Ukraine and
persistent political unrest in the Middle East. Overall, the economic
outlook is becoming increasingly challenging. In this difficult market
environment, agility and flexibility are key success factors. That's why we
will continue to further simplify and align our structures."
Outlook 2014
Rorsted specified Henkel's outlook for 2014. "We continue to expect organic
sales growth of between 3 and 5 percent. We have raised our guidance for
adjusted EBIT margin and now anticipate an increase to just under 16.0
percent. We also continue to expect an increase in adjusted earnings per
preferred share in the high-single digits."
Sales and profit performance in the third quarter 2014
In the third quarter of 2014 sales increased by 1.2 percent to 4,236
million euros compared to the prior-year quarter. Adjusted for negative
foreign-exchange effects of 2.2 percent, sales were up 3.4 percent. Organic
sales - which exclude the impact of foreign exchange and
acquisitions/divestments - rose by 2.3 percent.
The Laundry & Home Care business unit reported solid organic sales growth
of 3.5 percent. Beauty Care posted positive organic sales growth of 0.8
Henkel reports solid performance in third quarter
despite difficult market environment
- Sales rise 1.2% to 4,236 million euros (organic: +2.3%)
- Adjusted operating profit: +3.1% to 693 million euros
- Adjusted EBIT margin: +0.3 percentage points to 16.4%
- Adjusted earnings per preferred share (EPS): +6.4% to 1.17 euros
- Strong organic sales growth in emerging markets: +6.7%
Düsseldorf - "Despite a difficult economic environment, Henkel reported a
solid performance in the third quarter of 2014. We increased organic sales
in all our business units and further improved our profitability," said
Henkel CEO Kasper Rorsted. "With a strong increase in organic sales,
emerging markets once again delivered above-average growth. The acquisition
of The Bergquist Company in the third quarter will further advance the
leading position of Adhesive Technologies. In the course of this year, we
have invested about
1.7 billion euros across all three business units in order to further
strengthen our portfolio."
Commenting on the market conditions for the remainder of the fiscal year,
Rorsted said: "We face an ongoing conflict between Russia and Ukraine and
persistent political unrest in the Middle East. Overall, the economic
outlook is becoming increasingly challenging. In this difficult market
environment, agility and flexibility are key success factors. That's why we
will continue to further simplify and align our structures."
Outlook 2014
Rorsted specified Henkel's outlook for 2014. "We continue to expect organic
sales growth of between 3 and 5 percent. We have raised our guidance for
adjusted EBIT margin and now anticipate an increase to just under 16.0
percent. We also continue to expect an increase in adjusted earnings per
preferred share in the high-single digits."
Sales and profit performance in the third quarter 2014
In the third quarter of 2014 sales increased by 1.2 percent to 4,236
million euros compared to the prior-year quarter. Adjusted for negative
foreign-exchange effects of 2.2 percent, sales were up 3.4 percent. Organic
sales - which exclude the impact of foreign exchange and
acquisitions/divestments - rose by 2.3 percent.
The Laundry & Home Care business unit reported solid organic sales growth
of 3.5 percent. Beauty Care posted positive organic sales growth of 0.8
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