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Henkel & KGaA profit misses consensus by 16.7% in Q1

Henkel AG & Co. KGaA said its first-quarter normalized net income amounted to 97 euro cents per share, compared with the S&P Capital IQ consensus estimate of €1.16 per share.

EPS climbed 10.5% year over year from 88 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €421.1 million, an increase of 10.5% from €381.1 million in the prior-year period.

The normalized profit margin fell to 9.5% from 9.7% in the year-earlier period.

Total revenue grew 12.8% on an annual basis to €4.43 billion from €3.93 billion, and total operating expenses rose 13.2% on an annual basis to €3.73 billion from €3.29 billion.

Reported net income increased from the prior-year period to €470.0 million, or €1.08 per share, from €449.0 million, or €1.03 per share.