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People & Business :: Companies
Strong Volumes and Selling Prices Lift Henkel's Adhesives Profits
5:58 AM MDT | May 4, 2011 | Kerri Walsh
Henkel’s adhesives technologies business reported first-quarter 2011 operating profit up 32%, to €244 million ($363 million), on sales up 14%, to €1.9 billion. Organic growth rose 12%, “exceeding market development,” because of increased volumes and selling prices, Henkel says. Operating profit jumped 32%, to €244 million, despite rising raw material and packaging costs, Henkel says. Volumes rose across all businesses and regions. Emerging markets reported the fastest growth rates, with Eastern Europe...
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