Henkel financial performance in the first quarter was worse than expected

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German Henkel, producing goods for the consumer market, reported weak results for the first quarter, which did not reach the market forecasts. Net income per share amounted to 1.34 euros, a decrease of 6% over the year. Sales increased by 0.7% to 4.97 billion euros. The main reason for the weak quarterly figures was a 0.8% decline in sales of Henkel’s key unit producing adhesives. It accounts for almost half of the company's total sales. The organic decline in sales was also recorded by the cosmetics division. Its figure fell by 2.2% mainly due to weak sales in Western Europe and China. At the same time, the business of producing goods for laundry and household chemicals increased sales by 4.7%.

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