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    Financial News

    Henkel Announces Second Quarter Results

    08.15.13
    Despite the continued challenging market environment, Henkel delivered a strong second quarter, the company reported. "We significantly increased both sales and earnings with all our three business sectors contributing. Our adjusted return on sales has risen to 15.4 percent for the first time,” said Henkel CEO, Kasper Rorsted. “While all regions reported growth, once again our emerging markets made an important contribution. The share of sales in emerging markets rose substantially reaching 45 percent for the first time.”

    Looking forward to the second half of the year, Rorsted stated: “We expect the overall economic environment to remain difficult. Hence we will further improve our competitiveness. We will continue to adapt, simplify and accelerate our processes in order to respond more flexibly and efficiently to the volatile market environment in which we operate."


    Rorsted confirmed Henkel’s previously stated guidance for fiscal 2013: “We expect organic sales growth to be between 3 and 5 percent in the full fiscal year. We expect our adjusted EBIT margin to increase to about 14.5 percent and adjusted earnings per preferred share to grow by about 10 percent.”

    At €4,286 million, Henkel’s sales for the second quarter 2013 showed an increase of 1.9 percent versus the prior-year quarter. Henkel continued to see strong headwinds from currency effects, mainly coming from Japanese Yen, U.S. Dollar and Russian Ruble. Organic sales, which excludes the impact of foreign exchange and acquisitions/divestments, rose by 4 percent.

    All three business sectors contributed to this solid performance: Laundry and Home Care recorded strong organic sales growth of 5.8 percent. The Beauty Care business sector achieved a solid organic growth rate of 2.8 percent. And the Adhesive Technologies business sector also registered solid growth with organic sales rising by 3.6 percent year on year.

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      Akzo Nobel N.V. has reported positive volume growth and an improvement in return on sales (ROS) for the full-year 2014. Excluding incidentals, ROS was 7.5 percent (2013: 6.1 percent). Operating income excluding incidentals grew 20 percent to €1…
      03.25.15

    • Business Operation

      BASF Increases Earnings in 4th Quarter and Full Year 2014

      Dr. Kurt Bock, Chairman of the Board of Executive Directors of BASF SE said at the company’s Annual Press Conference in Ludwigshafen: “We achieved our goal for 2014.  We increased earnings – despite the disappointing economic d…
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    • Sika Announces Record Growth in 2014

      Sika reported record sales in 2014. In fiscal year 2014, Sika continued its growth and achieved what it calls “the best result in the company’s history.”      Sales reached record levels in all regions and all relevan…
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      Jotun Reports Profit of NOK 1.3 Billion for 2014

      Jotun gained a top line growth of nine per ent, partly driven by currency fluctuations. After a somewhat careful start of the year, the sales numbers improved throughout the year, and Jotun experienced a substantial growth of 17 percent during the la…
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      Asian Paints Consolidated Net Profit for the Quarter Increases

      Asian Paints Ltd. has announced its financial results for the quarter and nine months ended December 31, 2014. “We registered single-digit volume growth in the decorative paint segment in India due to sluggish demand conditions,” sa…
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    • PPG to announce fourth quarter 2013 results Jan. 16

          nings release:     Thursday, Jan. 16, 2014, before U.S. stock markets open     Teleconference:     Thursday, Jan. 16, 2014, 2 p.m. ET     PPG participants:    …
      01.08.14


    • Financial News

      Valspar Reports Fiscal 2013 Fourth Quarter and Full Year Results

      The Valspar Corporation reported results for the fourth quarter and fiscal year ended October 25, 2013. Fourth quarter 2013 net sales were $1.1 billion, up 8% versus the prior year. Reported net income and earnings per diluted share for the current a…
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      BASF Releases Third Quarter Results

       BASF raised sales in the third quarter of 2013 by 1.5% to around €17.7 billion despite significantly negative currency effects. This growth was mainly the result of increased volumes, particularly in the Oil & Gas segment. Income from…
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      AkzoNobel Q3 Results 2013

      Akzo Nobel N.V. reported third quarter revenues of €3,778 million, 5 percent lower compared with the same period last year. The decrease was a consequence of adverse currency effects and divestments. Lower restructuring costs and higher volumes…
      10.22.13


    • Architectural Coatings | Automotive Refinish | Financial News | Industrial Coatings

      PPG Reports Third Quarter Results

      PPG Industries  reported third quarter 2013 net sales of $4 billion, up 17 percent versus the prior year. Third quarter 2013 reported net income from continuing operations was $220 million, or $1.52 per diluted share, and adjusted net income fro…
      10.17.13

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      Valspar Reports Fiscal 2013 Third-Quarter Results

      The Valspar Corporation reported third quarter 2013 net sales of $1.1 billion, up one percent versus the prior year. Reported net income and earnings per diluted share for the current and prior year include several nonrecurring items, which are detai…
      08.16.13

    • Financial News

      Asian Paints Announce Financial Results for Q1

      Asian Paints has announced its financial results for the first quarter ended June 30, 2013. K.B.S. Anand, Managing Director and CEO, Asian Paints Limited, stated: "The Decorative paints business in India did well considering the challenging and…
      07.31.13

    • Financial News

      AkzoNobel Q2 results 2013

      Akzo Nobel N.V.  reported a four percent decrease in revenues in the second quarter compared with the same period last year. The company reported that this was due to divestments and adverse currencies against a backdrop of continued challenging…
      07.24.13

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      PPG Delivers Record Second Quarter Results

      PPG Industries reported record second quarter net sales in 2013 of $4.1 billion, up 16 percent versus the prior year. Second quarter 2013 reported net income from continuing operations was $341 million, or $2.35 per diluted share. Adjusted net income…
      07.23.13

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      BASF Maintains Good Business Performance in Challenging Environment in First Half of 2013

      BASF increased sales by 3% in the second quarter of 2013 to just under €18.4 billion thanks to higher sales volumes in all segments. Income from operations (EBIT) before special items decreased by 5% to around €1.8 billion. In the first hal…
      07.01.13

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