Henkel reported Q4 earnings before interest and taxes (EBIT) of EURO 765 million, up 10.8 percent, according to a report by Reuters.

This growth was put down to growth in emerging markets, with sales reaching EURO 4.86 billion euros, ahead of industry expectations.

Emerging market sales were up, accounting for 42 percent of sales, driven by Latin America. The results come during a turbulent time for the industry, however, Henkel stayed true to its standard forecast of a 2-4 percent sales growth for 2017.

Chief Executive Hans Van Bylen said, “We expect the highly volatile and uncertain market environment to continue.”