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Henkel Q1

This article was originally published in The Rose Sheet

Executive Summary

Cosmetics/Toiletries sector sales grew 19.2% to $768.9 mil. (€1=$1.29), primarily generated by the Dial, ARL and Indola acquisitions, German firm announces during a May 3 sales call. Organic sales grew .4%, the firm noted. Earnings before interest and taxes for the sector rose 34% to $88 mil., attributed mostly to the acquisitions, company adds. During the quarter, the hair/cosmetics business grew with regional launches including the colorant brand Brilliance and got2b, while the body care business "remained difficult," according to Henkel. North American revenues more than doubled during the quarter to $763.7 mil., and acquisitions grew the region's share of group revenue to 22% of total sales, versus 11% in the prior year quarter. Henkel generated net sales of $3.54 bil. in the quarter, an increase of 16.8%, and earnings before interest and taxes advanced 28.7% to $343 mil...
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