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Henkel & KGaA profit misses consensus by 19.9% in Q4

Henkel AG & Co. KGaA said its normalized net income for the fourth quarter amounted to €1.01 per share, compared with the S&P Capital IQ consensus estimate of €1.26 per share.

EPS rose 27.6% year over year from 79 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €439.5 million, a gain of 27.6% from €344.4 million in the year-earlier period.

The normalized profit margin increased to 9.3% from 7.9% in the year-earlier period.

Total revenue grew 11.0% year over year to €4.86 billion from €4.37 billion, and total operating expenses rose 8.7% year over year to €4.14 billion from €3.81 billion.

Reported net income decreased 12.3% on an annual basis to €391.0 million, or 90 cents per share, from €446.0 million, or €1.03 per share.

For the year, the company's normalized net income totaled €4.37 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of €5.34.

EPS rose 11.5% from €3.92 in the prior year.

Normalized net income was €1.90 billion, an increase of 11.5% from €1.70 billion in the prior year.

Full-year total revenue rose year over year to €18.71 billion from €18.09 billion, and total operating expenses grew year over year to €15.59 billion from €15.27 billion.

The company said reported net income grew 6.9% on an annual basis to €2.05 billion, or €4.73 per share, in the full year, from €1.92 billion, or €4.42 per share.