FRANKFURT -(Dow Jones)- German household consumer products maker Henkel AG & Co KGaA (HEN.XE) Wednesday raised its earnings per share outlook for the full year after reporting an increase in sales and earnings in the second quarter.
-Henkel raised its EPS growth outlook for 2012 to around 15% from at least 10%, and continues to see organic sales growth between 3% and 5%.
-"We expect that the very volatile environment with uncertainties in our markets will persist," Chief Executive Kasper Rorsted however said.
-Sales rose 6.4% in the second quarter to 4.21 billion euros ($5.18 billion), driven by strong sales in all its regions, but especially in emerging markets.
-Adjusted after-tax profit came in at EUR420 million, compared to EUR343 million the previous year.
-Earnings before interest and taxes rose 8.5% to EUR583 million, while the Ebit margin increased to 13.9% from 13.6% the previous year..
-EPS rose to EUR0.92 from EUR0.85 in 2011.
-Net debt was reduced to EUR1.27 billion as of June 30, 2012, down from a debt of EUR1.96 billion a year earlier.
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500
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August 01, 2012 02:12 ET (06:12 GMT)
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