Cosmetics, Homecare Drag Down Henkel

06 February 2006

DUSSELDORF - The German manufacturer of fmcg brands ranging from Persil detergent and Dial soap to Pritt glue, last week announced a Q4 slowdown in growth at its cosmetics and homecare divisions.
    Henkel's cosmetic sales (excluding acquisitions) gained 1.3% in 2005 - lackluster growth compared with their 2.7% in the year's first nine months. Annual growth in homecare sales weakened to 2.7% from 5.7% in the nine months to September 30.
    Although Henkel does not release interim figures for revenues and profits, the results dismayed analysts. "Somewhat disappointing," complained HVB Group's Christian Weiz. "Organic growth was weaker than assumed."