Henkel Posts Lower-than-Expected Gains
Henkel KgaA, Frankfurt, Germany, reported a lower-than-expected 10.4% gain in second quarter earnings. Executives said growth from the acquisition of Dial Corp. was offset by weak European demand. The addition of Dial, where sales rose 4%, helped boost group revenues by a currency-adjusted 19.2% to $3.38 billion, but the underlying rise was just 1.7% once the acquisition had been factored out.
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