Henkel CEO: All 3 Divisions Successful In Early 2010

FRANKFURT (Dow Jones)--German consumer goods and adhesive producer Henkel AG & Co. KGaA&apos chief executive officer, Kasper Rorsted, said Monday the company has had a good start to 2010.
 
"All three divisions were successful early in the year," Rorsted said at the company's annual general shareholders' meeting.
 
Rorsted confirmed Henkel's outlook for 2010. The company has forecast a rise of over 10% in adjusted operating profit and adjusted earnings per share. In addition, all three divisions are expected to gain market share.
 
Rorsted said the company is also on track to meet its 2012 targets, which aim for annual organic sales growth of between 3% and 5%, and an adjusted return on sales of 14%. Adjusted earnings per share are expected to rise over 10% on average