BERLIN — Henkel Group said its first-quarter net income rose 9 percent to 290 million euros, or $396.3 million.
The Düsseldorf-based maker of cosmetics and toiletries, cleaning products and adhesives reported group revenues of 3.82 billion euros, or $5.22 billion, an increase of 8.9 percent, or 6.8 percent when adjusted for currency impacts.
All dollar rates are converted at average exchange rates for the three-month period ending March 31.
Henkel’s cosmetics and toiletries division, which holds brands including Schwarzkopf, Fa and Dial, registered a quarterly sales uptick of 7.7 percent to 821 million euros, or $1.12 billion, which the company said was fueled by new product launches.
Operating profit for the firm rose 1.9 percent to 430 million euros, or $587.7 million. Adjusted for restructuring and one-time gains and charges, EBIT was up 12.1 percent to 473 million euros, $646.4 million.
You May Also Like
The company confirmed its annual fiscal forecast for an adjusted EBIT margin of about 13 percent, and increased its predictions slightly for organic sales to the upper end of the 3 to 5 percent range.