Henkel Q3 Report 2023

In the third quarter of 2023, Henkel recorded Group sales of around 5.4 billion euros and achieved organic sales growth of 2.8 percent. This growth was driven by continued strong pricing in view of significantly higher raw material prices compared to the prior year. Volume development was negative but showed a noticeable improvement compared to the second quarter. Nominally, sales were -9.0 percent below the prior-year quarter, mainly due to the exit from the business activities in Russia in the second quarter and to negative foreign exchange effects.

Sales in the first nine months of 2023 reached 16,366 million euros, representing a nominal decrease of -3.1 percent. Organically, Henkel recorded very strong sales growth of 4.1 percent, driven by a double-digit increase in pricing.

Organic sales growth in the third quarter was driven by the Europe, North America, Latin America and IMEA regions. In contrast, organic sales development in the Asia-Pacific region was negative, mainly due to the strained market environment prevailing in China.