Henkel reveals Beauty Care results for 2018
Chemical and consumer goods company Henkel has published its 2018 results, and 2019 outlook.
The report shows Henkel achieved good organic sales growth with strong earnings, profitability and cash flow in 2018.
Organically, sales in Henkel’s Beauty Care business unit, that manufactures brands Schwarzkopf and SYOSS, were 0.7% below the prior year. Nominally, sales grew by 2.1% t to 3,950 million euros. Adjusted operating profit grew by 1.6% to 675 million euros. Adjusted return on sales was slightly below the level of the prior year, reaching 17.1%.
Henkel CEO, Hans Van Bylen said, “We made substantial progress in the execution of our strategic priorities through to 2020 and beyond.”
“We successfully implemented key strategic initiatives and further improved our competitiveness. To capture additional growth opportunities, mainly in our consumer goods businesses, and to further accelerate the digital transformation of our company, we announced in January to step up investments by around 300 million euros annually from 2019 onwards.”
“Our mid- to long-term financial ambition underlines our commitment to delivering sustainable profitable growth and attractive returns.”