In fiscal 2009, Henkel generated sales of 13,573 million euros. In a generally difficult market environment, this amounts to a decrease of 3.9% compared to the previous year. In organic terms, which is to say adjusted for foreign exchange and acquisitions/divestments, sales decreased by 3.5% versus prior year. After a substantial decline in sales in the first quarter caused by the economic crisis, the subsequent quarters were characterized by a gradual recovery. However, developments at the company’s three business sectors continued to show a very mixed picture. While the consumer goods businesses of Laundry & Home Care and Cosmetics/Toiletries continued to perform very well with organic growth rates of 2.9% and 3.5% respectively, sales of the Adhesive Technologies business sector decreased organically by 10.2% due to the difficulties encountered in major customer industries worldwide.
Operating profit (EBIT) increased by 38.6% from 779 million euros to 1,080
million euros. The comparable prior-year
figure was burdened by restructuring charges resulting from the company’s
“Global Excellence” efficiency enhancement program. After adjusting for one-time gains and charges
and restructuring charges totaling 284 million euros, operating profit
decreased by 6.6%, from 1,460 million euros to 1,364 million euros,
attributable to the downturn suffered by the Adhesive Technologies business
Return on sales (EBIT margin) was 8.0%, while adjusted return on sales
decreased slightly from 10.3% to 10.0% due to the margin decline at Adhesive
Technologies. By contrast, adjusted return
on sales of the consumer goods businesses Laundry & Home Care and
Cosmetics/Toiletries improved to 12.8% and 12.9% respectively.
For more information, visitwww.henkel.com/ir.
Henkel Reports Better-Than-Expected 2009 Results
March 1, 2010