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People & Business :: Earnings/Finance
Weak demand dents Henkel's adhesives sales
1:26 PM MDT | May 8, 2013 | Ian Young
Henkel's adhesive technologies business posted an 11% increase in first-quarter operating profits compared with the corresponding period of last year, to €314 million ($413 million), on sales down 1%, to €1.9 billion. "Our adhesives business was affected by weaker-than-expected demand from industrial customers," says Henkel CEO Kasper Rorsted. "Nevertheless, we were able to substantially improve profitability." Henkel says it expects the global economic environment to remain challenging in 2013. "However, we anticipate...
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