Henkel lifts guidance following better-than-expected Q2 results

Henkel lifts guidance following better-than-expected Q2 results

Henkel has reported a Q2 operating profit growth of 6.6 percent year on year reaching €819 million ($912.13), beating Reuter’s estimates of €786 million.

As a result this the German personal care manufacturer has lifted its full year guidance of EBIT to rise from ‘approximately 16.5 percent’ to ‘above 16.5 percent’. The company has said the adjusted earnings per preferred share rose by 8.5 per to €1.40, while it reported record highs on its adjusted return on sales, which rose to 17.6 percent.

Results were buoyed by strong demand in emerging markets, in particular Latin America and Eastern Europe, lower input costs and marketing expenses as well as a better global distribution chain.

The Schwarzkopf maker saw sales gains across all three sectors, beauty, home care and adhesives.

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