Henkel Reports Solid Performance in Third Quarter despite Difficult Market Environment

Posted on 11/19/2014 2:42:29 PM By ASC

Henekl’s CEO—Kasper Rorsted—reported, “Despite a difficult economic environment, Henkel reported a solid performance in the third quarter of 2014. We increased organic sales in all our business units and further improved our profitability.” Rorsted went on to cite ongoing political conflicts and tension contributing to an economic outlook is becoming increasingly challenging. However, Henkel’s agility and flexibility is expected to help the company maintain their market position. Henkel is expecting sales growth of 3 – 5% in the final quarter of 2014. This would follow a third quarter sales increase of 1.2%. In this quarter, the Adhesive Technologies business unit saw a solid 2.7% improvement in sales. Henkel’s overall sales decreased in the United States, but this was offset by strong performance in emerging markets and double-digit growth in India and China.