FRANKFURT -(Dow Jones)- German household products maker Henkel KGaA (HEN.XE) said Wednesday higher first quarter revenue and earnings were supported by price increases and strong demand from emerging markets, and confirmed full-year guidance.
MAIN FACTS:
-First-quarter sales climbed 4.8% on the year to EUR4.01 billion, with strong growth rates in the regions of Africa and Middle East, North America and Asia-Pacific.
-All three business sectors, laundry & home care, cosmetics/toiletries and adhesive technologies, recorded organic sales growth rates between 4% and 5.6%.
-Net income jumped to EUR377 million from EUR314 million, as price increases in laundry & home care as well as adhesive technologies offset rising prices for raw material and packaging.
-For the full year, Henkel continues to expect organic sales growth of between 3% and 5%, and an increase in adjusted earnings per preferred share of at least 10%.
-The guidance is based on anticipated higher selling prices and structural changes which will more than compensate for higher raw material costs.
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500
(END) Dow Jones Newswires
May 09, 2012 02:22 ET (06:22 GMT)
Copyright (c) 2012 Dow Jones & Company, Inc.