Dusseldorf, Germany – Laundry and personal care products-to-reactive polyurethane systems company Henkel had sales of EUR 2.37 bn in its Adhesive Technologies division in Q3 2017.
Henkel Adhesive Technologies sales up in Q3 2017
Sales in the division, which includes reactive polyurethanes, grew by 4.5% compared with the third quarter of 2016. The company said that organic growth was around 4.9%, and acquisitions/divestments accounted for a further 2.8% growth. Foreign exchange effects knocked 3.2% off the total.
There was a ‘very strong increase in sales’ in Western Europe, but they were down slightly on the 2016 quarter in North America. Emerging market sales were strong, the company added.
Adjusted earnings before interest and tax grew by 5.5% to EUR 454m, compared with EUR 430 m in the third quarter of 2016.
Third quarter sales across Henkel were EUR 4.981 bn and CEO Hans van Bylen said, ‘We delivered significant growth in adjusted EBIT and our adjusted EBIT margin reached a new high of 18%. We expect the volatile and uncertain market conditions to continue. Currency effects will continue to have an increasingly negative impact.’