Henkel Third Quarter Adhesives Sales Up 8.7%
In the first nine months of fiscal 2011, sales increased by 3.9% to €11,804 million (~ $16,027 million). After adjusting for foreign exchange, sales improved by 6.2%. At 6.6%, organic sales also rose compared to the prior-year period.
The Adhesive Technologies business sector reported an increase in organic sales of 8.7% vs. the prior-year quarter, reportedly driven by both volume increases and successfully implemented price increases. Sales rose by 3.9% to €2,020 million (~ $2,742 million), thus exceeding the €2 billion mark for the first time in a quarter.
“Henkel continued its solid performance in the third quarter,” said Kasper Rorsted, CEO. “Despite the challenging market environment, we outperformed once again in our relevant markets in terms of organic sales growth. All our business sectors contributed to this growth, and with further double-digit increases in our growth regions, we improved their share to 43% of our total sales. Despite higher raw material prices, we managed to improve profitability in all our business sectors.”
For more information, visit www.henkel.com.