Henkel (OTCPK:HENKY) just delivered the numbers for the first quarter in 2019. After providing the highlights, I will analyze these numbers.
The Highlights
Here are the highlights of the first quarter short and sweet:
- Sales rise by 2.8% to 4,969 million euros, organic growth +0.7%
- Operating profit (EBIT)* amounts to 795 million euros (-5.6%)
- EBIT margin* at 16.0% (-140 basis points)
- Earnings per preferred share* reach 1.34 euros, -6.3% at constant currencies
- EBIT margin and EPS came in below the previous year's quarter, but within the corridor of the full year guidance