India, Aug. 13 -- German consumer goods maker Henkel AG & Co. KGaA (HENOY, HENKY) reported Tuesday that its second-quarter adjusted earnings per preferred share decreased 9.5 percent to 1.43 euros from 1.58 euros last year.
Adjusted operating profit or EBIT fell 8.6 percent to 846 million euros from 926 million euros in the second quarter 2018. Adjusted EBIT margin was 16.5 percent, down 1.5 percentage points from last year.
Sales for the quarter were 5.12 billion euros, almost at prior-year level. Organic sales edged down 0.4 percent.
The company said its segments generated mixed performance in increasingly difficult market environment amid significant decline in demand in key industries such as the automotive industry. Adhesive Technol...