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Henkel Q2 earnings per share increased to 1.30 euros

Staff Writer |
Henkel AG & Co. KGaA reported that its second quarter group attributable net income amounted to 561 million euros, higher than last year's 521 million euros.

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Earnings per share increased to 1.30 euros from 1.20 euros last year. Adjusted attributable net income was 607 million euros, compared to 558 million euros a year ago. Adjusted earnings per preferred share were 1.40 euros, compared to 1.29 euros a year ago.

Operating profit increased 6.6% to 819 million euros. EBIT margin improved 120 basis points to 17.6%.

Sales edged down 0.9 percent from last year to 4.654 billion euros due to a negative foreign exchange impact of 5.3 percent. Henkel generated organic sales growth - i.e. adjusted for foreign exchange and acquisitions/divestments - of 3.2 percent.

Looking ahead, for fiscal 2016, the company said it continues to expect organic sales growth of 2 to 4 percent and adjusted earnings per preferred share to grow between 8 and 11 percent.

For adjusted EBIT margin, the company now anticipates an increase to more than 16.5 percent, while previous estimate was adjusted EBIT margin to reach approximately 16.5 percent.

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