The strong euro is continuing to affect Henkel. The company had a 3.5% fall in sales in 2Q 2014 to ?4.1 bn due to the impact of foreign exchange rates. There was, however, organic growth of 3.3%. All three divisions. contributed. Thanks to a savings programme, adjusted EBIT was up 2.1% at ?674 M and was thus better than analysts had expected. Adjusted EBIT margin increased by 0.9 percentage points from 15.4% to 16.3%. Experts had expected sales of ?4.2 bn and adjusted EBIT of ?667 M. Net profits were up from ?418 M to ?441 M in 2Q 2014.
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