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financial
financial

Henkel Net Spikes 43.5 Percent

Company sales rise 11.5 percent.

financial/news

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.