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%.
Thailand GDP growth lower than forecast, says central bank17.02.2020
Japan's economy falls in fourth quarter, recession risks grow17.02.2020
Indonesia posts larger than expected trade deficit as declining export prices affects trade14.02.2020
Financial menace hounds British markets amid Brexit transition