Most Recent Articles In Financial
Latest Financial Articles
- Fashion Stocks Slip 0.1%
- Unicredit Bank Backs Italian Fashion Initiatives
- Permira Said to Seek Buyer For $5.5 Billion Hugo Boss Stake
More Articles By
BERLIN – Fourth-quarter 2010 net profits at Henkel AG & Co. spiked 43.5 percent to 254 million euros, or $346.5 million.
Sales at the Düsseldorf, Germany-based company, which produces cosmetics, home care and adhesive product, rose 11.5 percent to 3.73 billion euros, or $5.09 billion. The firm's cosmetics and toiletries division, which includes the Dial, Fa and Schwarzkopf brands, posted revenues of 797 million euros, or $1.09 billion, up 8.3 percent.
Dollar figures are converted at average exchange for the period to which they refer.
In 2010, Henkel's net profits jumped 82 percent to 1.14 billion euros, or $1.5 billion. Company sales increased 11.2 percent to 15.09 billion euros, or $19.8 billion.
Last year, sales from Henkel's cosmetics and toiletries division – which generated 22 percent of total company revenues – were 3.27 billion euros, or $4.29 billion, an 8.6 percent gain on-year. Sales strongly increased in Germany, and emerging markets such as Africa/the Middle East and Latin America, but declined in North America.
Henkel said it expects to outperform its markets in 2011.