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Henkel & KGaA profit misses consensus by 16.2% in Q1

Henkel AG & Co. KGaA said its normalized net income for the first quarter amounted to €1.03 per share, compared with the S&P Capital IQ consensus estimate of €1.23 per share.

EPS increased 6.3% year over year from 97 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €447.6 million, an increase of 6.3% from €421.1 million in the prior-year period.

The normalized profit margin climbed to 10.0% from 9.5% in the year-earlier period.

Total revenue totaled €4.46 billion, compared with €4.43 billion in the prior-year period, and total operating expenses came to €3.71 billion, compared with €3.73 billion in the year-earlier period.

Reported net income rose 11.7% from the prior-year period to €525.0 million, or €1.21 per share, from €470.0 million, or €1.08 per share.