Henkel VZ Reports Robust Organic Sales Growth in Q1

• Henkel AG & Co. KGaA reported strong organic sales growth in Q1 2024, with group sales around 5.3 billion euros and organic growth of 3.0 percent.
• The sales increase was driven by both business units: Adhesive Technologies and Consumer Brands, with organic sales growth of 1.3 percent and 5.2 percent respectively.
• The company closed acquisitions of Seal for Life Industries and Vidal Sassoon in China earlier than anticipated, furthering its strategic growth agenda.
• Henkel raised its outlook for fiscal 2024 on May 3, with expected organic sales growth of 2.5 to 4.5 percent, adjusted return on sales of 13.0 to 14.0 percent, and adjusted earnings per preferred share (EPS) increase in the range of +15.0 to +25.0 percent.
• Despite nominal sales decrease of -5.2 percent compared to the prior-year quarter, the company attributes this to the sale of business activities in Russia and negative foreign exchange effects.
• The company anticipates no substantial changes to the net assets and financial position of the Group compared to the situation as at December 31, 2023.

The next important date, Publication of Quarterly Report (Cut-off date Q1), at Henkel VZ is on 08.05.2024.

The price of Henkel VZ at the time of the news was 80,02EUR and was up +0,84 % compared with the previous day.
15 minutes after the article was published, the price was 79,55EUR this corresponds to a minus of -0,59 % since publication.
At this time, the index DAX was at 18.422,50PKT (-0,09 %).

Henkel VZ

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ISIN:DE0006048432WKN:604843

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