The Strategist

Henkel's net profit falls in the first half 2022



08/16/2022 - 08:15



The attributable to shareholders net profit of Henkel AG, one of the top producers of household and industrial chemicals worldwide, decreased by 50% in yearly terms in the first half of the year, to €447 million.



RaymondClarkeImages
RaymondClarkeImages
Comparatively to January through June of previous year, adjusted net income per preferred share was €1.95, down from €2.4. Operating profit fell from €1.296 billion to €684 million, a 1.9-fold reduction. Henkel's sales increased at the same time by 10% to €10.913 billion. 8.9% of the growth was organic.

Sales increased by 13.8 percent to €5.642 billion in the second quarter, with 10.9 percent organic growth. Sales of repair, packaging, and other products in the Adhesive Technologies business increased by 18.5% to €2.836 billion, those of beauty care increased by 3.9% to €950 million, and those of laundry & home care increased by 11.3% to €1.802 billion.

Western Europe saw revenue growth of 3.8%, Eastern Europe - 14.2%, Africa and the Middle East - 4.8%, North America - 22.2%, Latin America - 30.7%, and Asia Pacific - 13.8%.

source: bloomberg.com

 




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