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Henkel reports higher sales, profits; sells specialty coatings unit to Altana
4:49 AM MDT | August 8, 2013 | Natasha Alperowicz
Henkel today reported a 6.7% increase in second-quarter net profit to €432 million ($577.2 million) on sales 2% higher at €4.29 billion. Adjusted operating profit was up 8.2% to €660 million and adjusted earnings before interest and tax (Ebit) margin advanced 0.9 percentage points to 15.4%. The company says that the market environment remains challenging but confirms its earlier guidance for fiscal 2013. “We expect organic sales growth to be between 3% and 5% in the full fiscal year. We expect our adjusted Ebit margin to increase to about...
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