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People & Business :: Companies
Henkel's Adhesives Results Up on Improved Volumes and Selling Prices
7:51 AM MDT | August 10, 2011 | Kerri Walsh
Henkel’s second quarter adjusted operating profit from its adhesives and sealants division jumped 9%, to €278 million ($396 million), on sales up 4%, to €1.9 billion. “Both volume improvements and selling price increases played their part in this positive development,” Henkel says. “Although further steep rises in raw material and packaging prices exerted a distinctly negative effect, the ensuing cost increases were significantly outweighed by further efficiency enhancement measures and selling price increases,” the company...
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