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German Henkel, producing goods for the consumer market, reported weak results for the first quarter, which did not reach the market forecasts. Net income per share amounted to 1.34 euros, a decrease of 6% over the year. Sales increased by 0.7% to 4.97 billion euros. The main reason for the weak quarterly figures was a 0.8% decline in sales of Henkel’s key unit producing adhesives. It accounts for almost half of the company's total sales. The organic decline in sales was also recorded by the cosmetics division. Its figure fell by 2.2% mainly due to weak sales in Western Europe and China. At the same time, the business of producing goods for laundry and household chemicals increased sales by 4.7%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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