Henkel’s first quarter 2011 sales were €3,823 million (~ $5,492 million), an increase of 8.9% compared to the prior-year’s first quarter. After adjusting for foreign exchange, sales improved by 6.8%.
The Adhesive Technologies business sector continued to drive dynamic growth through the2011 first quarter, posting a 14.1% increase in sales to a total of €1,884 million (~ $2,706 million). Organic growth, achieved through appreciable volume increases accompanied by a rise in selling prices, reached 11.5%, significantly exceeding market development.
“Despite the challenging market environment, Henkel reports a solid start to the financial year,” said Kasper Rorsted, CEO. “We achieved very good organic sales growth, once again outperforming our relevant markets. All our business sectors contributed to this success and with continued double-digit growth rates we were able to further expand our position in the emerging markets. We are fully committed to our strategic priorities and remain confident of being able to achieve our 2012 targets.”
For more information, visitwww.henkelna.com.