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Henkel Tops Q3 Estimates

Laundry care propels gains.

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By: TOM BRANNA

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Driven by exceptional gains in home care, Henkel's third quarter sales rose 8.4% to $4.9 billion at current exchange rates. Adjusted for positive foreign exchange effects of 2.35%, sales improved 6.1%. Organic sales rose 3.2%. The laundry & home care business unit recorded strong organic sales growth of 5.5%. In the beauty care business unit, organic sales rose 2.1% The adhesive technologies business unit also posted a solid improvement in organic sales of 2.3%. After one-time ch...

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