DGAP-Adhoc Henkel AG & Co. KGaA: Henkel expects, based on preliminary figures, organic sales growth in the first quarter 2021 significantly above current market expectations
DGAP-Ad-hoc: Henkel AG & Co. KGaA / Key word(s): Development of Sales
Düsseldorf, 2021-03-31T18:15+02:00 (MESZ)
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Based on preliminary figures, in a continued challenging economic environment Henkel expects organic sales growth (excluding the impact of currency effects and acquisitions/divestments) in the first three months of fiscal 2021 of in total around 7 percent, which is significantly above the current market expectation of around 3.5 percent (source: Visible Alpha).
Against the background of the recovery in industrial demand in the first quarter and based on preliminary figures, the Adhesive Technologies business unit is expected to achieve an organic sales growth of around 12.5 percent. Henkel expects the Beauty Care business unit to record a positive organic sales growth of around 1.0 percent, in particular affected by pandemic-related market headwinds. Despite core mature markets of Laundry & Home Care starting to slow down, preliminary figures for this business unit indicate strong organic sales growth of around 3.5 percent in the first quarter.
Henkel will provide further details and background in the quarterly statement for the first quarter of 2021 on May 6, 2021.
Henkel AG & Co. KGaA
Further information regarding financial instruments issued by Henkel
|Company:||Henkel AG & Co. KGaA|
Department: CLC / Telephone: +49 211 797 4516
|Address:||40191 Düsseldorf, Deutschland|
|Henkel Preferred Share:||ISIN DE0006048432 // WKN 604843|
|Henkel Ordinary Share:||ISIN DE0006048408 // WKN 604840|
|Listing:||Regulated market (Prime Standard), all eight German Stock Exchanges|
For further financial instruments see www.henkel.com/ir