Henkel Sales Surge on Laundry, Mobility Growth — Update
By Aimee Look
Henkel delivered strong organic sales growth, driven by its mobility and laundry segments, following a slew of portfolio shuffles during the year.
The German maker of consumer goods and chemicals reported sales of 5.71 billion euros, equivalent to $6.41 billion, for the third quarter, compared with company-compiled median analyst expectations of 5.59 billion euros.
Organic sales rose 6.5% on year for the quarter, beyond estimates of 4.1%.
The maker of Persil detergent beat expectations largely due to its laundry and mobility segments, said Barclays's Warren Ackerman in a note. However, its results in the hair segment--which houses newly acquired brand Olaplex--came in slightly below expectations, he added.
Strong results in Henkel's electronics business within adhesives technologies were in stark contrast to those of its rival Beiersdorf, which didn't paint such a rosy picture for the segment, says RBC Capital Markets analyst James Edwardes Jones.
Henkel in late October raised its guidance for the year, expecting organic sales growth between 3.0% and 4.0%. It previously expected 1.5% to 3.5%.
The company also gave updated guidance for adjusted return on sales, anticipating around 15% for the year. It had expected adjusted return on sales of around 14.5% to 16%.
The company has been adding volume through a series of acquisitions this year, particularly premium hair-care brand Olaplex, hair care and styling consumer brand Not Your Mother's, and coatings company Stahl.
Write to Aimee Look at aimee.look@wsj.com
(END) Dow Jones Newswires
November 10, 2026 04:20 ET (09:20 GMT)
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