Henkel Reports First Quarter 2010 Sales
Henkel has reported that, in the first quarter of 2010, the company generated sales of 3,512 million euros. In a recovering market environment, this constitutes an increase of 7.8% compared to the figure for the prior-year quarter. After adjusting for foreign exchange, sales rose by 7.5%. Organically, i.e. after adjusting for foreign exchange, acquisitions and divestments, the increase was 8.8%, representing the first significant rise against a prior-year period for four quarters.
Sales of the Adhesive Technologies business sector exceeded by 12.4% the level of the first quarter of 2009, rising to 1,651 million euros. Adhesive Technologies reported double-digit organic growth amounting to 14.5%, due in large part to substantial volume increases.