Germany's Henkel remains confident for 2013

8th May 2013, Comments 0 comments

German consumer chemicals group Henkel, maker of Persil washing powder, said Wednesday it remained confident for 2013 after posting higher first-quarter sales and profits.

Net profit in the first three months of the year rose by nearly nine percent to 393 million euros ($514.5 million) while sales increased by 0.6 percent to 4.03 billion euros, the group said.

"We increased both sales and earnings in the first quarter of 2013 despite a challenging market environment with declining markets in western Europe and weak global industrial demand," Henkel chief executive Kasper Rorsted said in a written statement.

He added that although the global economic environment was expected to remain difficult, Henkel foresaw improving industrial demand in the second half of the year.

And he confirmed its full-year outlook.

"Henkel expects to generate organic sales growth of between three and five percent in fiscal 2013. The company is confident that each business sector will grow within this range," the group said.

© 2013 AFP

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