Schwarzkopf maker Henkel posts Q3 earnings growth

German consumer goods group Henkel posted a bigger than expected increase in third-quarter key profit, helped by ongoing strength in its laundry business and an improvement in its beauty business.

Adjusted operating profit increased 12.3% to 778 million euros ($835.9 million), exceeding an analyst poll of 748 million, the group said on Wednesday.

The maker of Schwarzkopf hair care products and Loctite glue slightly raised its forecast for full year adjusted earnings per preferred share, now expecting an increase of more than 10% versus around 10% previously.