DUSSELDORF, GERMANY -- Henkel's third-quarter sales rose 12% to 3,760 million euros on solid organic growth and the acquisition of certain
National Starch businesses. The currency-adjusted growth was 15.8%. Net earnings fell to 107 million euros.
During the quarter, EBIT fell to 191 million euros as the company took
restructuring charges of 181 million euros. The adjusted EBIT rose 6.3%
to 391 million euros.
Henkel CEO Kasper Rorsted said, "All our business sectors contributed
to this growth, each outperforming its relevant markets. Once again, it
was particularly our businesses in the growth regions that supported
this positive development.
The integration of the National Starch businesses, which were major
contributors to the substantial rise in total sales, continues on
schedule."
Adhesive Technologies sales rose 31.8% to 1.86 million euros after
adjusting for currency exchange, due to the acquisition of National
Starch's Adhesives and Electronic Materials businesses. Organic growth
was 3.6%. The operating profit rose to 169 million euros, up 8.1% after
currency exchanges.
Henkel guided for full-year organic sales growth (after adjusting for foreign
exchange and acquisitions/divestments) of 3 to 5%, and net operating profit growth of 10%.