May 19, 2016 / 6:21 AM / 2 years ago

UPDATE 1-Henkel Q1 profit bolstered by cost cuts,

* Q1 adj EBIT 751 mln eur vs Rtrs poll avg 731 mln

* Q1 organic sales growth 2.9 pct, in line with FY guidance

* Reported sales 4.46 bln eur vs poll avg 4.49 bln

* Shares indicated 1.9 pct higher (Adds sales figures, background)

FRANKFURT, May 19 (Reuters) - Germany’s Henkel reported consensus-beating quarterly results on Thursday, with cost cuts in its businesses making Persil laundry detergent and Loctite glue giving its new Chief Executive Hans Van Bylen a strong start.

Adjusted earnings before interest and tax (EBIT) rose 6.2 percent to 751 million euros ($842 million) in the first quarter through the end of March, beating a consensus for 731 million euros and the highest estimate in a Reuters poll.

Van Bylen took the helm of Henkel on May 1, succeeding Kasper Rorsted, who has moved to sporting goods maker Adidas , and faces the challenge of bolstering margins amid volatile currencies and slowing growth in China.

Banking on demand for beauty care products such as Fa deodorant or Dial soap in emerging markets like Mexico, Henkel affirmed its guidance for steady organic sales growth for 2016 at 2 to 4 percent compared with 3 percent in 2015.

In the first quarter, organic sales growth stood at 2.9 percent. But on a reported basis, sales edged up only 0.6 percent to 4.46 billion euros, a tad below an average analyst estimate for 4.49 billion.

Shares in Henkel were indicated 2 percent higher in pre-market trade at Lang & Schwarz, while the blue-chip DAX index was seen down 0.5 percent.

$1 = 0.8919 euros Reporting by Maria Sheahan; Editing by Tina Bellon

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