German Henkel saw its sales decline slightly because of the coronavirus crisis, as hair salons and automobile manufacturers were forced to close. The soap and washing powder category did perform well, so much so that the Persil manufacturer increased its soap supply by 30?%.
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Several large companies are interested in taking over the beauty and hair care brands from American group Coty. Among them are Colgate-Palmolive, Henkel, Unilever and various investment companies.
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In the third quarter, Henkel has performed in line with expectations. The German group sent out a profit warning earlier this year, but is now staying in line with its forecasts.
Carsten Knobel is to become the new CEO of the Henkel consumer goods group. He will succeed the Belgian Hans Van Bylen, who has run the German company since 2016, on New Year's Day.
During the first quarter of its current fiscal year, German FMCG giant Henkel performed slightly below expectations. The glue division and care products were particularly affected by difficulties.
Henkel has had a bad financial year: the German company's turnover went down 0.6?% at 19.9?billion euros due to negative exchange rate effects), while net profits went down by 8.3?% to 2.33?billion euros.
CEO Hans Van Bylen is increasing Henkel's investment budget by 300 million euros per year to boost the growth rate. Digital transformation is at the top of the to-do list.
German multinational Henkel has reached a record quarterly turnover of 5.14?billion euro, but higher prices for raw materials and adverse exchange rate effects have pushed expected profits down.
Despite negative exchange rates and logistical issues in the United States, Henkel still sees positive signs in the first quarter. Its glue division outperformed the laundry and beauty divisions.
German Henkel?experienced a strong 2017, with record numbers for both its profit and turnover. The company managed to surpass the 20 billion euro turnover milestone for the first time.
For the first time ever, Henkel?will pass the fifteen billion euro turnover milestone for the first nine months of the year. The company will also increase its turnover and profit forecast on the back of these excellent performances.
German Henkel?has had a record?second quarter, when turnover reached nearly 5.1 billion euro. For the first time ever, its six-month turnover surpassed the 10 billion euro milestone, thanks to its acquisition of laundry detergent company Sun.
Henkel’s first quarter turnover and profit both grew a lot. It also achieved a nice feat: for the first time ever, the German trade group surpassed the 5 billion euro turnover milestone.
Hans Van Bylen, German Henkel's Belgian CEO, expects the company will face little harm from American President Donald Trump's planned protectionist measures.
Henkel is set to invest more in its ten biggest brands, because its by new CEO Hans van Bylen,wants these to contribute more turnover in the future.
In the past quarter, German Henkel -?manufacturer of brands like Schwarzkopf, Persil and Pritt - sold more, although the negative impact of the exchange rates meant turnover ended up lower than last year. Luckily for Henkel, profit did increase.