DUSSELDORF – Henkel reported fourth-quarter 2011 sales up 1.9% year-over-year to 3.8 billion euros. Organic sales growth reached 3.8%.

Net income amounted to 304 million euros, up 19.7% year-over-year.

Adjusted operating profit for the quarter was up 12.3% to 502 million euros compared to the prior year period.

The firm increased sales in fiscal 2011 to 15.6 billion euros, up 3.4% year-over-year.

Adjusted net income for the year rose 11.4% to 1.36 billion euros. Net income for 2011 was 1.28 billion euros compared, up 12.2% year-over-year.

Adjusted operating profit improved 9%, to 2.03 billion euros, with all three business sectors contributing.

Operating profit totaled 1.86 billion euros, up 7.8% above 2010.

Adhesive Technologies increased sales organically 8.3% to 7.75 billion euros. Adjusted operating profit rose 14.7% to 1.08 billion euros. With an EBIT of 1.002 billion euros, operating profit passed the 1 billion euro mark for the first time in the sector.

The firm posted an increase in organic sales in Western Europe of 2.8% to 5.6 billion euros, benefiting from a solid performance in Germany. In North America, a slight increase in sales was achieved. Developments in the emerging markets were strong across the board, Henkel says.

Sales in Eastern Europe rose 6.2% to 2.8 billion euros. Organic sales growth here was 10.3%, generated primarily by the businesses in Turkey and the adhesives business in Russia. Growth in the Africa/Middle East region was adversely affected by the political unrest in some countries, the firm says. Sales rose 3.7% to 934 million euros.

The firm expects fiscal 2012 organic sales growth between 3% and 5%.

1 euro = US$1.327

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