Henkel beats Q3 expectations

FRANKFURT — Henkel’s Q3 operating profits increased by a higher margin than anticipated, with a gain of 12.3% to €778 million, against an average of €748 million according to analysts polled by Reuters. CEO Kasper Rorsted noted the Russian and American markets were areas of improvement. Adhesives sales rose in North America but fell in China largely thanks to softness in the automotive industry. Comparable sales in adhesives rose by 2.3%, following on a Q2 increase of 1.7%.