Sales rose +14% to €4,695m and the gross profit margin improved from 46.6% to 48.1% in Q2. EBITDA grew strongly by +19% to €832m and net profit attributable to shareholders ramped up +18% to €521m. Despite the stronger operating performance, operating CF came in fairly unchanged at €204m, clearly suffering from a higher NWC outflow (€-359m after €-297m) mainly burdened by higher receivables. Investing CF (€-198m after €-408m) was helped by significantly
12 Aug 2015
NWC’s strong increase and mature markets' sluggish performance
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NWC’s strong increase and mature markets' sluggish performance
Henkel AG & Co. KGaA Pref (HEN:WBO) | 0 0 0.0% | Mkt Cap: 47,187m
- Published:
12 Aug 2015 -
Author:
Martin Schnee -
Pages:
3
Sales rose +14% to €4,695m and the gross profit margin improved from 46.6% to 48.1% in Q2. EBITDA grew strongly by +19% to €832m and net profit attributable to shareholders ramped up +18% to €521m. Despite the stronger operating performance, operating CF came in fairly unchanged at €204m, clearly suffering from a higher NWC outflow (€-359m after €-297m) mainly burdened by higher receivables. Investing CF (€-198m after €-408m) was helped by significantly