Henkel Q1 Report 2024
Dusseldorf, May 8, 2024 – In the first quarter of 2024, Henkel achieved Group sales of around 5.3 billion euros and generated strong organic sales growth of 3.0 percent. The in- crease was driven by a positive price development in both business units. Volume develop- ment at Group level, which is still being impacted by the portfolio measures in the Consumer Brands business unit, showed a further sequential improvement compared to the fourth quarter of 2023. In nominal terms, sales were down -5.2 percent compared to the prior-year quarter – predominantly due to the sale of the business activities in Russia and to negative foreign exchange effects.
Highlights
- Group sales: around 5.3 billion euros, organic growth of 3.0 percent
- Organic sales increase driven by both business units:
- Adhesive Technologies: positive organic sales growth of 1.3 percent
- Consumer Brands: very strong organic sales growth of 5.2 percent
- Acquisitions of Seal for Life Industries and Vidal Sassoon in China closed earlier than anticipated
- Further progress in implementing strategic growth agenda
- Outlook for fiscal 2024 significantly raised on May 3:
- Organic sales growth: 2.5 to 4.5 percent (previously: 2.0 to 4.0 percent)
- Adjusted return on sales: 13.0 to 14.0 percent (previously. 12.0 to 13.5 percent)
- Adjusted earnings per preferred share (EPS): Increase in the range of +15.0 to +25.0 percent at constant exchange rates (previously: +5.0 to +20.0 percent)
