Henkel 2Q Sales Grew; Revises 2018 Guidance
16 August 2018 - 7:11AM
Dow Jones News
By Anthony Shevlin
Germany's Henkel AG & Co. KGaA (HEN.XE) said Thursday that
second-quarter sales grew despite a strong negative currency
effect, and the company revised its full-year guidance.
The maker of Dial soap and Purex laundry detergent said sales
were 5.14 billion euros ($5.82 billion) compared with EUR5.10
billion the year previous.
The company said currencies negatively affected its reported
sales, valued at around EUR310 million.
Earnings before interest and taxes were EUR814 million compared
with EUR839 million for the period last year. The company's EBIT
margin was 15.8%.
Henkel confirmed its full-year sales growth guidance of between
2% and 4%, but now expects its adhesives technologies business unit
to grow between 4% and 5%.
The company cut its 2018 earnings per share growth guidance to
between 3% and 6% and raised its adjusted EBIT margin guidance to
around 18%.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
August 16, 2018 01:56 ET (05:56 GMT)
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