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Henkel Raises Forecasts Despite Sales Decline

By Pierre Bertrand


Henkel raised its sales and earnings forecast despite first-quarter sales declining as expected.

The German consumer-goods company said Friday that it expects organic sales growth of between 2.5% and 4.5%, up from its previous guidance of 2% to 4% growth.

The company also raised organic sales growth guidance for its consumer brands unit to 3% to 5% from the previously expected 2% to 4%. Its left its adhesive technologies sales guidance unchanged.

Adjusted return on sales is now expected at 13% to 14%, up from 12% to 13.5% previously. Henkel raised its adjusted return forecast for both its adhesive technologies and consumer brands segments.

The guidance raise came as the company said sales came to around 5.3 billion euros ($5.69 billion) in the first quarter, a 3% organic increase. It reported EUR5.61 billion in sales in the first quarter of last year.

Henkel's adhesive technologies and consumer brands segment sales grew organically in the first quarter by 1.3% and 5.2%, respectively.

The company will disclose its full quarterly result on Wednesday.


Write to Pierre Bertrand at


(END) Dow Jones Newswires

May 03, 2024 04:39 ET (08:39 GMT)

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