German manufacturer Henkel said it registered increased first quarter revenue and earnings, supported by price increases and strong demand from emerging markets
First-quarter sales climbed 4.8% on the year to 4.01 billion euros with the highest strong growth rates coming from Africa and Middle East, North America and Asia-Pacific.
Henkel CEO Kasper Rorsted said, "Henkel had a good start to the fiscal year in spite of a challenging and volatile market environment. We achieved solid organic growth and substantially improved our profitability. All of our business sectors contributed to this achievement. Once again our emerging markets registered a strong development. Thus, we are confident of achieving our targets for 2012