Emerging markets spur on Henkel's quarterly profit | Progresiv
Henkel's first quarter profit and turnover both grew. The German manufacturer -which owns Persil, Schwarzkopf shampoo and Pattex glue among other things - took full advantage of the growing demand in several emerging markets. 
The German multinational's quarterly turnover reached 0.6 higher than the same quarter last year, up to nearly 4.5 billion euros. Autonomous turnover growth reached 2.9 % and even up to 6.3 % in emerging markets, although negative exchange rate fluctuations had their impact on the results.
Operational profit grew 6.2 % to 751 million euros, with a net profit of 525 million euros, up 11 % compared to the 470 million euros net profit from 2015's first quarter.
"Henkel had a good start into the fiscal year 2016. We further grew sales and earnings and significantly increased adjusted return on sales to 16.8 percent. All three business units contributed to the overall good performance", a satisfied CEO Hans van Bylen said. He took control of the Düsseldorf-based company on 1 May. Management expects a 2 to 4 % autonomous turnover growth for 2016 and an adjusted 8 to 11 % profit per share. (www.retaildetail.eu)
