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By
AFP
Published
Jan 31, 2010
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German Henkel reports surge in 2009 core earnings

By
AFP
Published
Jan 31, 2010

FRANKFURT, Jan 29, 2010 (AFP) - The German chemical and cosmetics group Henkel, maker of Persil soap powder, reported on Friday 29 January that its core earnings jumped last year and that the 2010 outlook was good as well.

Henkel
www.henkel.fr

Henkel's earnings before interest and tax (EBIT) surged by 38 percent to 1.08 billion euros (1.51 billion dollars) in 2009, even though sales slipped by 3.5 percent to 13.57 billion euros according to preliminary figures.

The final figures are to be published on February 25, and the results were noticeably better than expected in the group's adhesives and laundry and home care product units, a statement said.

For 2010, Henkel said it "is confident of again outperforming its relevant markets in terms of organic sales growth," after allowing for foreign exchange effects and acquisitions or divestments.

The group also expects core earnings "to improve noticeably compared to the prior-year figures."

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