Germany-based Henkel has registered sales of Euro 5,037 million in the third quarter of 2018 – a growth 1.1 percent compared to the prior-year quarter. Organic sales, which exclude the impact of currency effects and acquisitions/divestments, showed a good increase of 2.7 percent. The contribution from acquisitions and divestments amounted to 1.6 percent.
“Henkel delivered a good development in the third quarter. In a continuously challenging market environment with currency headwinds and higher material prices, we further increased sales, earnings and profitability. All three business units contributed to the positive development. The overall good organic sales growth was mainly driven by our Adhesive Technologies business unit. Also, in our consumer goods businesses we increased sales organically,” said Hans Van Bylen, CEO, Henkel.
Hans Van Bylen added, “In the first nine months of fiscal 2018 we faced an overall difficult economic environment. Negative currency effects reduced group sales by more than Euro 900 million in this period. Nevertheless, we continued to deliver profitable growth. We are committed to further drive the implementation of our strategic priorities.”
Adhesive Technologies reported a strong organic increase in sales of 3.8 per cent. Beauty Care registered positive organic sales growth of 0.5 per cent. Laundry & Home Care reported a good increase in organic sales of 2.5 per cent.
The emerging markets again made an above-average contribution to the organic growth of the Group, with a very strong increase in organic sales of 6.8 percent. With an organic sales development of -0.1 percent, the mature markets were almost at the level of the prior-year quarter.
The Adhesive Technologies business unit generated strong organic sales growth of 3.8 percent in the third quarter. Nominally, sales were at prior-year level, reaching Euro 2,373 million. The Beauty Care business unit registered positive organic sales growth of 0.5 percent. Nominally, sales increased by 5.5 percent to Euro 993 million. Adjusted operating profit grew by 6.7 percent and reached Euro 182 million.
The Laundry & Home Care business unit generated good organic sales growth of 2.5 percent in the third quarter. Nominally, sales grew by 0.3 percent and reached Euro 1,641 million. At Euro 294 million, adjusted operating profit was at the level of the third quarter 2017.
In the first nine months of 2018, Henkel generated sales of Euro 15,015 million. Organic sales, which exclude the impact of currency effects and acquisitions/divestments, showed a good increase of 2.4 percent.