News
DUSSELDORF, GERMANY – In the first quarter of 2010, Henkel generated sales of 3.5 billion euros, up 7.8% year-over-year.
Net income was 266 million euros, up 119.8% year-over-year. Operating profit increased 93.3% to 422 million euros compared to last year.
Adjusted operating profit improved 79.1%. The company took restructuring charges of 31 million euros and recorded one-time gains of 32 million euros.
The firm’s Adhesive Technologies unit reported sales of 1.7 billion euros, up 12.4% year-over-year. The sector posted double-digit organic growth of 14.5%. This is attributed to substantial volume increases.
“Now we are looking forward to a noticeable improvement in our results of more than 15% for the full fiscal year versus 2009,” said Kasper Rorsted, chairman of the Henkel management board.
US$1 = 0.7871 euro
BILLINGSTAD, NORWAY – Top 40 EMS firm Kitron reported first-quarter revenue fell 25.4% to NOK 411.1 million. Lower demand for defense (down 25.5%) and marine (81.5%) products were partially offset by higher demand for data/telecom, industrial (up 8%) and medical (up 21.9%).
JASPER, IN – Kimball International today reported net sales of $282.3 million and net income of $6.3 million for its fiscal third quarter ended March 31.
Sales for the quarter were up 5% year-over-year, while net earnings were up 54%.
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