|August 24, 2020||0|
Henkel reported a small decline, but still achieved an operating profit of 1.2 billion euros thanks to a strong portfolio.
The adhesives manufactuer’s results reveal a shrink of -6.0 percent in nominal terms. It also shows -5.2 percent in organic terms, but recorded sales of 9,485 million euros during H1 2020.
Henkel CEO Carsten Knobel said: “”During this unprecedented global crisis, our focus is to ensure business continuity and support communities. The breadth of our portfolio also helped to balance the impact of the crisis on overall sales and earnings performance.
“In the first six months of 2020, we were able to generate a very strong free cash flow and further improve our net financial position. During the crisis we did not introduce short-time working, apply for government aid or reduce our workforce due to the pandemic. In summary, we delivered an overall robust performance in an exceptionally challenging environment.”