IHS Chemical Week

People & Business :: Earnings/Finance

Henkel reports higher profits, raises full-year Ebit margin forecast

8:49 AM MST | November 12, 2013 | Natasha Alperowicz

Henkel today reported adjusted third-quarter operating profit of €672 million ($899.7 million), 6.5% up on the year-earlier quarter. Sales were down 2.6%, to €4.18 million, because of foreign currency effects. The company’s Ebit margin grew 1.4%, to 16.1%.    Net income for the quarter rose 16.7%, to €469 million. After deducting €11 million attributable to noncontrolling interests, quarterly net income amounted to €458 million. Adjusted net income for the quarter after deducting noncontrolling interests was €476...

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