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Kao summary of consolidated business results for 1H FY 2012
FOCUS Henkel’s growth strategy and financial targets for 2016 The Euro crisis and its negative effects on customers have so far had little effect at Henkel because the company has sold more in emerging countries. Henkel is on the verge of a record year. The company’s boss is setting ambitious targets for the next four years. The company will increase its investments and raise capital expenditures by more than 40% to a total of around €2 bn until 2016. Smaller and medium-sized acquisitions are planned if suitable opportunities arise, but non-strategic activities with sales of €500 M will be sold. The leading brands are to account for around 60% of sales by 2016; the figure will be around 46% in 2012. Sales are to rise to €20 bn in 2016, of which €10 bn will be in emerging markets. Seven new R&D facilities are planned in India, Korea, Russia, S Africa, Brazil and Mexico. The company had sales up 6.6% in 3Q 2012 at €4.29 bn, with operating profit (EBIT) of €586 M, up 29.9%. Net profits were up €90 M at €397 M. The results were in line with market expectations. For 3Q 2012, Henkel’s Beauty Care business segment reported sales of €908 M (3Q 2011: €860 M). Operating profit was €114 M (3Q 2011: €111 M). As in the preceding quarters, emerging markets particularly contributed to the solid sales performance. Asia (excluding Japan) and Africa/Middle East continued to develop very dynamically, generating a significant increase in sales with double-digit growth rates. The growth dynamics in Latin America softened. Overall, Henkel succeeded in increasing sales in the mature markets in 3Q 2012. Henkel’s Laundry and Home Care business segment reported 3Q 2012 sales of €1194 M (3Q 2011: €1110 M) and operating income of €168 M (€125 M). All of the company’s regions contributed to the solid sales performance achieved. Emerging markets again showed the greatest growth momentum, with overall expansion in the high single-digit range. The increase in sales generated in Latin America came close to double-digit. Sales in Eastern Europe were also very strong, supported by double-digit growth rates in Russia and Turkey. Henkel 6
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was able to achieve a strong increase in sales in the Africa/Middle East region, despite the political and social unrest in the Middle East. The company again posted positive sales growth in Western Europe, driven in particular by double-digit growth in France. Within a still weak market environment in the Southern European countries, Italy also showed a solid sales performance. Sales in North America again developed positively despite a still declining market.
profit fell to Yen 3.3 bn from Yen 6.3 bn. Net sales in North America decreased to Yen 45.4 bn from Yen 48.3 bn, with operating income down to Yen 0.8 bn from Yen 2.9 bn. Net sales in Europe fell to Yen 54.4 bn from Yen 61.1 bn, and operating income decreased to Yen 2.2 bn from Yen 4.2 bn.
Original Source: Chemie Aktuell, 19 Nov 2012, (Website: http://www.maerkte-weltweit.de) (in German) © MBM Martin Brueckner Medien GmbH 2012. Original Source: Handelsblatt Wirtschafts- und Finanzzeitung, 16 Nov 2012, (Website: http://www.handelsblatt.com) (in German) © Verlagsgruppe Handelsblatt GmbH & Co KG 2012
Reckitt Benckiser: first nine months of 2012
Kao summary of consolidated business results for 1H FY 2012 Kao Corp’s net sales fell to Yen 608,976 M in 1H FY 2012 (1 Apr-30 Sep 2012) from Yen 614,885 M in 1H FY 2011. Operating income decreased to Yen 53,377 M from Yen 57,508 M, while ordinary income fell to Yen 55,353 M from Yen 58,896 M. Net income rose to Yen 35,861 M from Yen 30,743 M. Sales were firm in the consumer products business, reflecting the contribution of the human health care segment and the fabric and home care segment. Sales decreased in the chemical segment due to the lower demand in customer industries and adjustment in selling prices related to lower material prices. Net sales from Kao’s beauty care segment fell to Yen 267.2 bn in 1H FY 2012 from Yen 271.8 bn in 1H FY 2011, while operating income increased to Yen 7.3 bn from Yen 7 bn. Kao’s net sales from its fabric and home care segment rose to Yen 146 bn in 1H FY 2012 from Yen 143.3 bn in 1H FY 2011, while operating income increased to Yen 31 bn from Yen 28.8 bn due to higher sales and cost reduction activities. Sales of fabric care products were firm and those of home care products rose. Kao Corp’s net sales in Japan rose to Yen 465.6 bn in 1H FY 2012 from Yen 463.2 bn in 1H FY 2011, while operating income increased to Yen 47 bn from Yen 45.2 bn. Sales in Asia fell to Yen 80.5 bn from Yen 88.8 bn, and
Original Source: Kao Corp, 1-14-10 Nihonbashi Kayabacho, Chuo-ku, Tokyo 103-8210, Japan, tel: +81 3 3660 7111, website: http://www.kao.co.jp/en/ (23 Oct 2012) © Kao Corporation 2012
For the first nine months of its fiscal 2012, Reckitt Benckiser plc reported net revenue of £7091 M (level with the same period in 2011), with net revenue in 3Q 2012 of £2422 M (-1% on 3Q 2011). In Europe & North America (ENA; 55% of core net revenue), net revenue for the year to date (YTD) was £3442 M (-4%). Although market conditions remained challenging, volume shares showed resilience. Hygiene brands Lysol and Finish performed strongly, particularly in the USA behind new initiatives such as Lysol Power & Free, Finish Quantum and All-in-1 gel packs and tablets. In the Home category, Vanish shares showed positive momentum, although the market is still down. In Latin America and the Asia Pacific (LAPAC) (28% of core net revenue), Reckitt posted a 6% rise in YTD 2012 net revenue to £1736 M. Growth continues to be ‘broad based’ in the region, driven by distribution expansion, innovation and investment. Dettol soap and shower gels, Finish and Vanish are among the brands reported to have delivered strong growth. The RUMEA geographic area (Russia/CIS, Africa, Middle East and Turkey; 17% of total revenue) reported YTD revenue of £1077 M (+3%). In Reckitt Benckiser’s Hygiene sector, YTD net revenue increased 2% to £2786 M, largely driven by strong growth in the Dettol/Lysol franchise in all three geographical areas. Finish continues to perform well in a number of markets globally, and particularly in the USA where Quantum and All-In-1 tablets and gel packs have gained significant market share in 2012. In the Home segment, FEBRUARY 2013
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was able to achieve a strong increase in sales in the Africa/Middle East region, despite the political and social unrest in the Middle East. The company again posted positive sales growth in Western Europe, driven in particular by double-digit growth in France. Within a still weak market environment in the Southern European countries, Italy also showed a solid sales performance. Sales in North America again developed positively despite a still declining market.
profit fell to Yen 3.3 bn from Yen 6.3 bn. Net sales in North America decreased to Yen 45.4 bn from Yen 48.3 bn, with operating income down to Yen 0.8 bn from Yen 2.9 bn. Net sales in Europe fell to Yen 54.4 bn from Yen 61.1 bn, and operating income decreased to Yen 2.2 bn from Yen 4.2 bn.
Original Source: Chemie Aktuell, 19 Nov 2012, (Website: http://www.maerkte-weltweit.de) (in German) © MBM Martin Brueckner Medien GmbH 2012. Original Source: Handelsblatt Wirtschafts- und Finanzzeitung, 16 Nov 2012, (Website: http://www.handelsblatt.com) (in German) © Verlagsgruppe Handelsblatt GmbH & Co KG 2012
Reckitt Benckiser: first nine months of 2012
Kao summary of consolidated business results for 1H FY 2012 Kao Corp’s net sales fell to Yen 608,976 M in 1H FY 2012 (1 Apr-30 Sep 2012) from Yen 614,885 M in 1H FY 2011. Operating income decreased to Yen 53,377 M from Yen 57,508 M, while ordinary income fell to Yen 55,353 M from Yen 58,896 M. Net income rose to Yen 35,861 M from Yen 30,743 M. Sales were firm in the consumer products business, reflecting the contribution of the human health care segment and the fabric and home care segment. Sales decreased in the chemical segment due to the lower demand in customer industries and adjustment in selling prices related to lower material prices. Net sales from Kao’s beauty care segment fell to Yen 267.2 bn in 1H FY 2012 from Yen 271.8 bn in 1H FY 2011, while operating income increased to Yen 7.3 bn from Yen 7 bn. Kao’s net sales from its fabric and home care segment rose to Yen 146 bn in 1H FY 2012 from Yen 143.3 bn in 1H FY 2011, while operating income increased to Yen 31 bn from Yen 28.8 bn due to higher sales and cost reduction activities. Sales of fabric care products were firm and those of home care products rose. Kao Corp’s net sales in Japan rose to Yen 465.6 bn in 1H FY 2012 from Yen 463.2 bn in 1H FY 2011, while operating income increased to Yen 47 bn from Yen 45.2 bn. Sales in Asia fell to Yen 80.5 bn from Yen 88.8 bn, and
Original Source: Kao Corp, 1-14-10 Nihonbashi Kayabacho, Chuo-ku, Tokyo 103-8210, Japan, tel: +81 3 3660 7111, website: http://www.kao.co.jp/en/ (23 Oct 2012) © Kao Corporation 2012
For the first nine months of its fiscal 2012, Reckitt Benckiser plc reported net revenue of £7091 M (level with the same period in 2011), with net revenue in 3Q 2012 of £2422 M (-1% on 3Q 2011). In Europe & North America (ENA; 55% of core net revenue), net revenue for the year to date (YTD) was £3442 M (-4%). Although market conditions remained challenging, volume shares showed resilience. Hygiene brands Lysol and Finish performed strongly, particularly in the USA behind new initiatives such as Lysol Power & Free, Finish Quantum and All-in-1 gel packs and tablets. In the Home category, Vanish shares showed positive momentum, although the market is still down. In Latin America and the Asia Pacific (LAPAC) (28% of core net revenue), Reckitt posted a 6% rise in YTD 2012 net revenue to £1736 M. Growth continues to be ‘broad based’ in the region, driven by distribution expansion, innovation and investment. Dettol soap and shower gels, Finish and Vanish are among the brands reported to have delivered strong growth. The RUMEA geographic area (Russia/CIS, Africa, Middle East and Turkey; 17% of total revenue) reported YTD revenue of £1077 M (+3%). In Reckitt Benckiser’s Hygiene sector, YTD net revenue increased 2% to £2786 M, largely driven by strong growth in the Dettol/Lysol franchise in all three geographical areas. Finish continues to perform well in a number of markets globally, and particularly in the USA where Quantum and All-In-1 tablets and gel packs have gained significant market share in 2012. In the Home segment, FEBRUARY 2013