Henkel's net profit in 2018 decreased by 8%

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Following the results of 2018, Henkel, the German chemical industrial company, realized a net profit of 2 billion 330 million euros, which is 8.3% less than in 2017. The company for the year reduced sales by 0.6%. Their volume amounted to 19 billion 899 million euros. At the same time, organic growth was at the level of 2.4%. The report for the fourth quarter showed a drop in net profit by 24% against a year earlier to 561 million euros. Last quarter there also was a decline in sales to 4 billion 884 million euros. The Henkel report says that exchange rate effects and rising prices for direct materials had a negative impact on financial results.

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