READ MOREForeign exchange movements had an overall negative effect of 2.0 percent on sales. Acquisitions and divestments accounted for 5.9 percent of sales growth.
Organic sales, which exclude the impact of foreign exchange effects and acquisitions/divestments, showed a strong increase of 3.1 percent. This improvement is in line with the full year guidance of 2 to 4 percent organic sales growth.
The Adhesive Technologies business unit delivered very strong organic sales growth of 5.0 percent. The Beauty Care business unit generated positive organic sales growth of 0.5 percent. The Laundry & Home Care business unit reported a good increase in organic sales of 2.0 percent.
The emerging markets again made an above-average contribution to the organic growth of the group, showing a very strong increase in organic sales of 5.3 percent. The mature markets registered positive organic sales growth of 1.5 percent.
Sales increased organically in all regions. In the Western Europe region sales showed a positive organic development. In Eastern Europe, sales grew organically by 6.0 percent.
Africa/Middle East posted organic sales growth of 1.7 percent. Sales in North America increased organically by 3.0 percent. Latin America achieved organic sales growth of 4.4 percent, and in the Asia-Pacific region, sales grew organically by 5.9 percent.
Adjusted operating profit (EBIT) improved by 9.1 percent from 3,172 million euros to 3,461 million euros. All three business units contributed to this increase.
Adjusted return on sales (EBIT) rose by 0.4 percentage points to 17.3 percent, matching the full year guidance of an increase to more than 17 percent.
The financial result amounted to -51 million euros after -33 million euros in fiscal 2016 due to the financing costs of the acquisitions closed in fiscal 2016 and 2017.
Adjusted net income for the year after non-controlling interests increased by 9.1 percent to 2,534 million euros (2016: 2,323 million euros).
Adjusted earnings per preferred share (EPS) grew by 9.1 percent from 5.36 euros to 5.85 euros. This is in line with the improved guidance for 2017, which anticipated an EPS growth of around 9 percent. ■