Henkel Posts Rise In Q1 Profit, Reaffirms FY Forecast

German company Henkel AG & Co KGaA (ADR) HENOY reported a gain in its net profit for the first quarter and reaffirmed its guidance for the full year. Henkel's quarterly net income climbed 5.7 percent to 482 million euros. EPS rose to 1.09 euros versus 1.04 euros. Adjusted net income rose 12.8 percent to 510 million euros. Its sales rose 12.7 percent to EUR4.43 billion, while adjusted operating profit climbed 14 percent to EUR707 million. The company still projects organic sales to rise 3 to 5 percent for the fiscal year. Henkel shares rose 2.02 percent to close at $117.30 yesterday.