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Henkel Q2

This article was originally published in The Rose Sheet

Executive Summary

Cosmetics/toiletries sales improved 2.7% to $600.4 mil. (€1=$1.10) after adjusting for foreign currency effects partly on strong sales of hair products, German company reports during Q2 analyst call Aug. 18. Prior to adjusting for currency, sales of the division were down 3.2% in the quarter, the firm states. Sector is expected to achieve high single-digit growth for the year after adjusting for foreign currency exchange, Henkel notes. North American sales fell 2.1% after currency adjustments. Net sales climbed 3.4% to $2.61 bil. in Q2 after adjusting for foreign exchange effects, but fell 4.4% before the adjustment. Profit grew 11.4% to $139.4 mil...
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