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Newell Rubbermaid: Operating profit increases 9% to USD 675m in 2009

Newell Rubbermaid (Atlanta, Georgia / USA; www.newellco.com) has reported adjusted operating profit of USD 675m (EUR 482m) for 2009, a 9% year-on-year increase. Sales fell by 14% compared with 2008, to USD 5.58 bn. In the Europe, Middle East and Africa region, currency-adjusted sales fell by over 20% year-on-year to USD 876m.

The company said that core sales had declined by 7%, product line exits lowered net sales by 5% and foreign currency translation contributed a further 2% fall. Acquisitions increased net sales by 1%. Newell Rubbermaid expects core sales to increase in the low single digits in 2010.

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