Henkel Shows Positive Trend in Q2 (8/5/09)

August 5, 2009
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  • Sales fall 5.0 percent to 3,485 million euros
  • Organic sales decline 5.3 percent
  • Operating profit increases from 113 million euros to 279 million euros
  • Adjusted operating profit decreases 17.2 percent to 308 million euros
“Again in the second quarter of 2009, Henkel felt the effects of the continuing world economic recession. Nevertheless, all our business sectors were again able to outstrip their relevant markets,” said Kasper Rorsted, chairman of the Henkel Management Board. “Our Laundry & Home Care business sector actually surpassed the good results of the first quarter, while Cosmetics/Toiletries again showed a very positive performance. Compared to the first quarter, we also registered an improvement at Adhesive Technologies.”

In a persistently difficult market environment, Henkel achieved sales of 3,485 million euros in the second quarter of 2009, 5% less than in the prior-year period. Organic sales (i.e., sales after adjusting for foreign exchange and acquisitions/ divestments) were 5.3% below the level of the second quarter of 2008, but improved slightly compared to the first quarter of this year. Against this background, developments at the company’s three business sectors continued to show a very mixed picture. The consumer goods businesses Laundry & Home Care and Cosmetics/Toiletries were able to successfully continue their positive trend with organic growth rates of 6.3% and 3.5%, respectively. The Adhesive Technologies business sector improved compared to the first quarter, but due to the volume decreases in major customer industries worldwide, was unable to avoid posting a decline in organic sales of 15.4%.

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