Company and Personal News
METRO: Conference Series on EDI electronic invoicing and on the financial services of MIAG
Date: 2012-05-16 12:55:09
The company will held lectures over the advantages of the EDI electronic invoicing and on the financial services of MIAG, in the knowledge center of METRO Budaörs, between 16 to...
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Magazine: Do we finally have a successful Hungarian restaurant franchise?
Date: 2012-05-16 12:44:27
In the middle of October the first Bock bistro opened in Copenhagen after a short test period. The new restaurant works as part of a franchise system. Lajos Bíró told...
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Borsodi: New production lines were handed over in Bőcs
Date: 2012-05-16 12:01:30
New production filling and packaging production line was handed over at the Borsodi Sörgyár Kft. on Wednesday. The investment cost 2.3 million euros. The investment increases the product line capacity...
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STI Petőfi Nyomda Kft.: Swim together in success!
Date: 2012-05-16 11:58:33
The STI Petőfi Nyomda Kft. held a professional day for the representatives of the display and POS sector. The Kecskemét-based, Printing Ltd. is printing printed and folded cardboards, corrugated boxes,...
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New Széchenyi Card loan products from UniCredit
Date: 2012-05-16 11:39:30
The New Széchenyi Card Program has introduced two loan products via UniCredit Bank. With these services, the own contributions for EU applications can be assured, and they provide faster access...
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Henkel’s new adhesive factory was inaugurated in Környe
Date: 2012-05-15 12:11:28
Henkel announced to build a new factory in the Industrial Park of Tatabánya-Környe, in the autumn of 2010. The green-field investment production hall and its environment was built in less...
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The Zalaegerszeg-based shopping park consolidates its debts in the scope of a bankruptcy proceeding
Date: 2012-05-14 12:20:06
The operator of the Zalaegerszeg-based shopping park is trying to consolidate its debts in the scope of bankruptcy proceeding. The implementation application was filed by Strabag Zrt. – told the...
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Praktiker and Max Bahr's profile is changing
Date: 2012-05-14 11:58:28
The supervisory board of Praktiker Group approved the restructuring plan of the financing of operation, that includes an investment loan of 85 million euros as well. The plan of the...
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Eight Hungarian companies are launching a prize show
Date: 2012-05-14 11:44:44
Eight Hungarian companies are launching a prize show to promote high quality HUngarian products. The main prize is 11 million HUF, you can get more information at www.amagyartermek.hu...
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Aston Martin opening the doors of its first dealership
Date: 2012-05-14 10:32:17
Aston Martin is to enter the sovereign country of Luxembourg, opening the doors of its first dealership under the leadership of the Arnold Kontz Group. Holding over 50 years of...
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Uj Peter exercised the freedom of speech
Date: 2012-05-14 09:15:42
Péter Uj has written an article in 2008 about Tokaj Kereskedház, in which he referred to the poducts of the famous winehouse as “trash everybody lies about”. The company has...
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Besides increasing revenue Carlsberg is making loss
Date: 2012-05-11 11:58:41
Despite the increasing sales, Carlsberg’s after-tax profit turned negative in the first quarter of 2012. The Danish brewery beside 12.9 billion crowns (2.3 billion USD) turnover, recorded 76 million crowns...
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One hundred previous job seekers will work in the new Tesco in Debrecen
Date: 2012-05-10 12:43:21
Hundreds of former long-term job-seekers got a job in the new Tesco store in Debrecen – announced Czomba Sándor, State Secretary of the National Economy Ministry responsible for Employment Policy,...
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Veet: silky smooth skin with ease
Date: 2012-05-10 10:55:19
The hair removal expert, Veet ® came up with an innovative home waxing kit. Veet® EasyWax™ can be used easily. The novelty of professional hair removal thanks to its components...
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Helly Hansen official supplier of 470 World Championships in Barcelona
Date: 2012-05-10 09:05:00
Helly Hansen has initiated in Spain collaboration with the Federacio Catalana de Vela. As a first result, Helly Hansen will be the Official Partner of the 470 Class World Championships...
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The first development of the Gyermelyi Logistics Ltd. is ready
Date: 2012-05-09 12:15:08
The Gyermelyi Logistics Ltd. realized its first development with a 780 million HUF investment, of which 250 million was the EU funding – the company told MTI. MTI Photo: Kovács...
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Sales rise 4.8 percent to 4,008 million euros (organic: +4.7%) Adjusted* operating profit: up 16.6 percent to 551 million euros Adjusted* EBIT margin: up 1.3 percentage points to 13.7% Adjusted* earnings per preferred share (EPS): up 19.2% to 0.87 euros Emerging markets again show above-average growth (+8.7%) Improved gross margin despite raw material price increases “Henkel had a good start to the fiscal year in spite of a challenging and volatile market environment. We achieved solid organic growth and substantially improved our profitability,” said Henkel CEO Kasper Rorsted. “All of our business sectors contributed to this achievement. Once again our emerging markets registered a strong development. Thus, we are confident of achieving our targets for 2012.” For the fiscal year 2012, Rorsted stated: “We expect that volatility and uncertainty will continue to influence our markets. Therefore, we will continue to adapt our structures and processes so that we can respond more quickly and flexibly than our competitors.” 2012 guidance confirmed Henkel confirmed its guidance for fiscal 2012. “We continue to expect organic sales growth to be between 3 and 5 percent. For our adjusted EBIT margin we anticipate an increase to 14 percent and for adjusted earnings per preferred share we expect an improvement of at least 10 percent.” Henkel’s sales in the first quarter of 2012 were at 4,008 million euros, an increase of 4.8 percent compared to the figure for the prior-year quarter. Organic sales, which exclude the impact of foreign exchange and acquisitions/divestments, again rose by 4.7 percent, a solid increase compared to the prior-year quarter. All three business sectors contributed to this development: The Laundry & Home Care business sector reported a solid organic growth rate of 4.5 percent, with Cosmetics/Toiletries also posting solid organic growth of 4.0 percent. The Adhesive Technologies business sector generated strong organic sales growth of 5.6 percent. This solid performance was supported in all three business sectors by price increases Henkel was able to implement thanks to its innovations and strong brands. After allowing for one-time gains, one-time charges and restructuring charges, adjusted operating profit improved by 16.6 percent, from 473 million euros to 551 million euros, with all three business sectors contributing. Reported operating profit (EBIT) increased by 25.2 percent, from 430 million euros to 538 million euros. Despite rising prices for raw materials and packaging, adjusted return on sales (EBIT margin) rose significantly by 1.3 percentage points, from 12.4 percent to 13.7 percent. Reported return on sales was 13.4 percent, following 11.2 percent in the comparative prior-year period. Financial result improved slightly to –36 million euros compared to the prior-year quarter (first quarter 2011: –37 million euros). At 24.7 percent, the tax rate was 1.5 percentage points below the figure for the prior-year period (26.2 percent). Net income for the quarter improved by 30.3 percent, from 290 million euros to 378 million euros. After deducting 9 million euros attributable to non-controlling interests, quarterly net income amounted to 369 million euros (prior-year quarter: 285 million euros). Adjusted net income for the quarter after deducting non-controlling interests was 377 million euros compared to 314 million euros in the prior-year quarter. Earnings per preferred share (EPS) rose from 0.66 euros to 0.86 euros. The adjusted figure was 0.87 euros compared to 0.73 euros in the first quarter of 2011. The ratio of net working capital to sales was 8.0 percent, remaining at the level of the prior-year quarter. Net debt was further reduced to 1,159 million euros (March 31, 2011: 1,874 million euros). Sales and profits forecast 2012 Henkel continues to expect organic sales growth of between 3 and 5 percent for fiscal 2012. Henkel is confident of continuing the positive growth trend posted by its consumer goods businesses, with sales expanding in the low single-digit percentage range. For the Adhesive Technologies business sector, Henkel expects sales to grow in the mid single-digit percentage range. Henkel confirms its forecast for an adjusted return on sales (EBIT) of 14 percent (2011: 13.0 percent) and for an increase in adjusted earnings per preferred share of at least 10 percent (2011: 3.14 euros). This guidance is based on anticipated increases in Henkel’s selling prices and the ongoing adaptation of its structures to the constantly changing market conditions. Through these activities and the maintenance of its strict cost discipline, Henkel intends to more than offset the effects of increased raw material costs on its earnings. * Adjusted for one-time charges/gains and restructuring charges This document contains forward-looking statements which are based on the current estimates and assumptions made by the corporate management of Henkel AG & Co. KGaA. Forward-looking statements are characterized by the use of words such as expect, intend, plan, predict, assume, believe, estimate, anticipate, forecast and similar formulations. Such statements are not to be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and the results actually achieved by Henkel AG & Co. KGaA and its affiliated companies depend on a number of risks and uncertainties and may therefore differ materially from the forward-looking statements. Many of these factors are outside Henkel’s control and cannot be accurately estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. Henkel neither plans nor undertakes to update forward-looking statements.
Date: 2012-05-09 12:00:14
“Henkel had a good start to the fiscal year in spite of a challenging and volatile market environment. We achieved solid organic growth and substantially improved our profitability,” said Henkel...
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Egervin found a new owner
Date: 2012-05-09 11:55:21
After ten unsuccessful applications the Integrált Borgazdasági Zrt. (former Egervin), the former flagship winery in Eger found a new owner – told the company’s commissioner liquidator Szűcs Zoltán, on Wednesday...
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MasterCard launches an open payment service
Date: 2012-05-09 11:55:14
On Tuesday, Mastercard announced PayPass Wallet Services a new global offering for banks, merchants and partners that will make it faster and easier for their customers to make purchases in stores...
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Szöllősi Winery’s bottling plant was inaugurated
Date: 2012-05-09 11:23:57
The Szöllősi Winery inaugurated its bottling plant and storage cellar on Wednesday, in Neszmély, Komárom-Esztergom county from 120 million HUF. The New Hungary Rural Development Program gave 51 million HUF...
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Pepsi’s recipe may be disclosed by the inventor’s heirs
Date: 2012-05-09 11:00:12
The heirs of the man who helped develop the formula for Pepsi are suing the soda company over their right to share with the public documents detailing their father’s invention....
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New Research Director at GfK
Date: 2012-05-08 12:09:10
A new research director arrived to GfK in early April. The new leader has a nearly 10 years of practical experience on the field of market research. Rádi Zsuzsanna joined...
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Medve Mesterfogás – A brand new product category from Pannontej
Date: 2012-05-08 12:08:15
Pannontej Zrt. is the popular leading manufacturer of cheese brands such as Medve, Pannónia, Tihany and Karaván cheese. The company's long-term success is the high-quality traditional market leader cheeses and...
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Kraft Food and TerraCycle work together for sustainability
Date: 2012-05-07 12:20:51
Kraft Foods, the number one food and beverage company in North America, announced a new partnership with TerraCycle, an upstart upcycling company that takes packages and materials that are challenging...
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Henkel shows latest innovations at the Drupa 2012 fair
Date: 2012-05-07 11:43:45
Henkel will be showcasing its complete portfolio of products and technologies for the printing and packaging industries at Drupa 2012 from May 3 to 16 in Düsseldorf. The global leader...
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Program begins to collect chocolate packaging materials
Date: 2012-05-07 11:40:21
Kraft Foods Hungária Kft. the distributor of Milka launches a program to collect chocolate packaging materials for the first time in Hungary. In the scope of the action, called the...
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A new era in employment
Date: 2012-05-06 20:09:35
The new Labour Law is to enter into force on 1 July 2012, making significant changes in the relationship between employers and employees. One of the changes is that in...
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Profi: improving the level of retail
Date: 2012-05-06 20:02:06
Profi Magyarország Zrt.’s owner is the Louis Delhaize Group. Profi appeared on the Hungarian market in 1989, establishing a food discount store chain from wholesale warehouses. Some of their units...
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Csemege-Match: quality groceries – comfortably
Date: 2012-05-06 19:59:47
Csemege-Match Kereskedelmi Zrt. is a member of the Louis Delhaize Group. Their Hungarian network consists of 113 stores with a floor space of 300-2,500m² and they have more than 2,000...
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Auchan: Hungarian products is the way to go
Date: 2012-05-06 19:46:58
French retail group Auchan opened its first Hungarian store in 1998 and currently has 12 units and 11 boutique rows, employing 5,600 people. Auchan Hungary’s turnover was HUF 230 billion...
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