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Henkel Beats Expectations with a 2.6% Sales Rise

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By: TOM BRANNA

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Specialty chemicals group Henkel KGaA beat analyst expectations with strong 2002 sales and earnings, helped by strong demand for consumer brands and a successful restructuring program.The Duesseldorf-based maker of branded laundry, home care, cosmetics, toiletries and adhesive products reported sales of $10.44 billion for the full year, up 2.6% from 2001. Earnings before interest and taxes increased by 10.6% to $720 million, in line with the company’s target. Net profit excluding minority ...

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