The German multinational Henkel announced that its revenues will be higher than expected this year, as it increased its sales by 8.9 percent to more than 10.9 billion euros in the first half of the year. Sustainability will also form part of the group’s pillars for its further development.
Recently, the Henkel Management Board presented the results of the implementation of its growth agenda. In particular, he highlighted the growth and earnings potential of the two business units, Adhesive Technologies and the future Consumer Brands business. In implementing the new organizational structure, Henkel was already ahead of the initially announced timetable. It also raised sales forecasts for the full year 2022 for both the Adhesive Technologies business unit, which continued its strong organic sales growth also in the third quarter, and for the Henkel Group as a whole.
The group remarked that it will reinforce the focus on sustainability as a success factor. In addition to showing the progress made in implementing the strategy and launching the two business units, Henkel also raised its outlook for 2022.
“In view of the continued strong sales growth at Adhesive Technologies, we have today updated the outlook for fiscal 2022 for both the Adhesive Technologies business unit and the Henkel Group. In addition, we are continuing to work intensively on comprehensive measures to offset, as far as possible, the impact of drastically rising raw material, logistics and energy costs on the development of our results.”said Henkel CEO Carsten Knobel.
The multinational Henkel also expects organic sales growth in the Group ranging from +5.5 to +7.5 percent (previously +4.5 to +6.5 percent). The Adhesive Technologies business unit is expected to increase by +10% to +12% (previously 8%). For Beauty Care Henkel remains stable in its view that this sector should grow by between -3 and -1%, but also stated that it is ready to implement anti-crisis measures. For the Laundry & Home Care unit, organic sales growth is expected to range from 4% to 6%.
The expectation of adjusted profitability on sales (EBIT margin) at the group level remains unchanged in the range of 9.0 to 11.0 percent. For the development of adjusted earnings per preferred share (EPS) at constant exchange rates, Henkel continues to expect a decline in the range from -35% to -15%.
The German company continues to work steadily to implement its growth agenda and made significant progress in all areas. With the announcement of the merger of Laundry & Home Care and Beauty Care, they are raising their expectations to further grow the company.
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