Henkel ended 2016 with €2.1 billion of net income, a 6.4 percent increase from the €1.9 billion it registered in 2015. The company closed the year with a 3.5 percent increase in sales in comparison to 2015, to €18.7 billion from €18.1 billion.
Acquisitions and divestments had a positive effect in the results, mainly stemming from the acquisitions of Sun Products in September 2016. It was the second largest transaction in Henkel’s history.
“2016 was a very successful year for Henkel,” said CEO Hans van Bylen. “In a challenging market environment, we again achieved new record levels for sales and earnings and met our financial targets for the fiscal year. We delivered a high quality of earnings. For the first time, we reached an adjusted operating profit of more than €3 billion.”
For 2017, the company is preparing itself to face the continuation of a volatile and uncertain market and expects its sales to grow from 2 to 4 percent with the help of its innovative brands and technologies.