Chemical Week Magazine :: Business & Finance :: Europe/Mideast
Henkel reports higher profits; sells coatings unit to Altana
7:00 AM MDT | August 9, 2013 | —Natasha Alperowicz
Henkel reports 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 the Ebit margin advanced 0.9 percentage points, to 15.4%. The share of sales in emerging markets rose substantially, reaching 45% for the first time. The company says that the market environment remains challenging but confirms its earlier guidance for 2013. “We expect organic sales growth to be between 3% and 5% in the full fiscal year. We expect our...
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