Henkel reported slight decline of Q4 2014 profit
The German consumer goods manufacturer Henkel reported slight decline of Q4 2014 profit. The company Henkel & Co KGaA announced that net profit is 7% less due to higher extra costs related to the restructuring of the company. The German manufacturing giant announced that its net profit for the three months to end-December fell to […]
The German consumer goods manufacturer Henkel reported slight decline of Q4 2014 profit. The company Henkel & Co KGaA announced that net profit is 7% less due to higher extra costs related to the restructuring of the company. The German manufacturing giant announced that its net profit for the three months to end-December fell to 298 million EUR from 320 million EUR in the same period last year. The decline was caused by one-off costs and restructuring charges.
However, adjusted operating profit EBIT grew by 3.1%, which allowed Henkel to achieve its financial targets for 2014. The revenue from sales rose by 7.1% to 4.1 billion EUR, supported by the strong performance of all three core businesses of the group. Despite the weakening of the Russian ruble Henkel’s sales in Eastern Europe increased by 4.5% before adjustment to currency changes. Eliminating the currency fluctuations, sales in the region for the fourth quarter increased by 3.9%.
“Emerging markets were again the main growth engine for Henkel”, said the CEO of the company Kasper Rorsted.
For the full year 2014 net profit of the group reached 1.62 billion EUR to 1.58 billion EUR in 2013. Excluding the currency fluctuations, sales growth of 4.4% reached 16.4 billion EUR.
