The adjusted operating result (Ebit) declined in the first quarter by 5.6 percent to 795 million euros, as the manufacturer of the Schwarzkopf, Pritt and Persil announced on Tuesday.

sales increased by 2.8 percent to just under five billion euros. Analysts had expected a slightly higher adjusted Ebit of 806 million euros, the turnover was in line with expectations.

the group chief Hans Van Bylen wants to move on with additional investments of some 300 million euros in annual growth, and digitization. The increase in spending will leave the return on sales in 2019, but probably for the first time since 2014 shrink – you should be between 16 and 17 per cent to 17.6 per cent in 2018, reaffirmed Henkel. The organic sales should increase by two to four percent.

(SDA)