(News Bulletin 247) – Henkel saw strong sales growth in the first quarter. They increased organically by 6.6% to reach 5.6 billion euros (6.4% in nominal value).
The growth was driven by strong sales increases in both business units: Adhesive Technologies with organic growth of 6.8%, nominal of 6.1% and consumer brands with organic sales growth of 7.0 % (7.3% nominal).
“We continued our pricing measures to offset the negative effects of raw material and logistics costs,” comments Carsten Knobel, Managing Director of Henkel.
The share buyback program was successfully completed in the first quarter of 2023: By the end of March, the company had bought back shares for a total value of around 1 billion euros.
The agreement on the sale of its commercial activities in Russia was finalized in April; the sale price amounts to 54 billion rubles (about 600 million euros).
For the current year, Henkel expects organic sales growth of between 1% and 3%. The adjusted profitability of sales (adjusted EBIT margin) should be between 10 and 12%.
For adjusted earnings per preferred share (EPS), Henkel continues to expect a development between -10.0 and +10.0% at constant exchange rates.
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