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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