EANS-Adhoc: Henkel continues positive trend in third quarter
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quarterly report/Henkel continues positive trend in third quarter
28.10.2009
Henkel AG & Co. KGaA announces preliminary figures for third quarter 2009. The positive development of Henkel´s consumer businesses in previous quarters continued during the third quarter of 2009. There was also a further improvement in the results of the Adhesive Technologies business sector, albeit on a significantly lower level than in the previous year.
The following preliminary figures exceed the consensus estimates of the analysts as known to Henkel at the current time.
According to preliminary figures, Henkel generated sales in the third
quarter of 2009 amounting to around 3.49 billion euros. In the
prior-year quarter, sales came in at 3.76 billion euros. In organic
terms, that is to say adjusted for foreign exchange and
acquisitions/divestments, sales decreased by 2.5 percent compared to
the level of the prior-year quarter. Operating profit (EBIT) amounted
to 290 million euros. Included in this figure are one-time charges
and restructuring charges of 95 million euros. After adjusting for
these items, adjusted operating profit ("adjusted EBIT") fell
slightly from 391 million euros to 385 million euros.At around 1.04 billion euros, sales of the Laundry & Home Care business sector were just below the level of the prior-year quarter. Organic sales growth was 2.4 percent. Operating profit (EBIT) increased from 117 million euros to 137 million euros. Having generated slightly lower sales of around 760 million euros and organic sales growth of 3.7 percent, the Cosmetics/Toiletries business sector posted an improved operating profit (EBIT) of 100 million euros compared to 96 million euros in the same quarter of the previous year.
Due to the volume declines suffered by major customer industries, the Adhesive Technologies business sector registered a decrease in sales to some 1.63 billion euros. In organic terms, sales decreased by 7.6 percent. Operating profit (EBIT) declined from 169 million euros to 89 million euros. Adjusted operating profit amounted to 150 million euros.
The earnings development in the third quarter reflects both the stabilization in Henkel´s markets and programs on structural and cost alignment. However, it can not be expected to again achieve the strong past quarter results in the fourth quarter.
Henkel will be publishing precise figures on the third quarter performance and the outlook in its quarterly report, which is due to come out on November 11, 2009.
Henkel AG & Co. KGaA
Further inquiry note:
Heinz Nicolas
Tel.: +49 (0)211 797-4516
E-Mail: heinz.nicolas@henkel.com
Branche: Consumer Goods
ISIN: DE0006048432
WKN: 604843
Index: DAX, CDAX, HDAX, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade
Berlin / regulated dealing