Henkel Hellas recorded stable turnover and a higher net profit margin, having made a generous provision of 5 million euros for an administrative fine from the Interdepartmental Market Control Unit (DI.MEA).
Specifically, according to the data from the financial report for fiscal year 2024, the turnover of the Greek subsidiary of the German group Henkel was maintained at the level of 97.73 million euros compared to 97.87 million euros in 2023, recording a marginal decrease of 0.1%.
Gross profits showed an increase of 14.8% to 31.4 million euros compared to 27.3 million euros in 2023. The gross profit margin (gross operating profit / turnover) reached 32%, showing an increase compared to 2023, when it stood at 28%. The management attributes this increase to the reduction in inventory costs.
Operating expenses rose by 13.2% to 28.894 million, while other expenses increased by around 90% to 5.5 million from 2.8 million.
As a result, earnings before taxes and financial results fell by 33.4% to 2.412 million from 3.62 million. Likewise, pre-tax profits recorded a decline of 25.1%.
However, net profit recorded an increase of 23.8% to 2.209 million euros compared to 1.794 million euros in the previous year.
In 2023 the company recorded income taxes of 2.4 million euros, which included taxes from previous years. In contrast, income tax for 2024 amounted to 940 thousand. The net profit margin in fiscal year 2024 for Henkel Hellas stood at 2.26% compared to 1.83% in 2023.
