EQS-Adhoc

Henkel AG & Co. KGaA: Henkel raises sales and earnings outlook for 2024

EQS-Ad-hoc: Henkel AG & Co. KGaA / Key word(s): Change in Forecast/Quarter Results Henkel AG & Co. KGaA: Henkel raises sales and earnings outlook for 2024 03-May-2024 / 09:48 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Düsseldorf, 2024-05-03T09:15+02:00 (CEST)

Henkel raises sales and earnings outlook for 2024

Düsseldorf – Based on the very good business performance in the year to date and the assumptions for the remainder of the year, the Management Board of Henkel AG & Co. KGaA today decided to raise the outlook for the current financial year, which was published at the beginning of March.

Expectations for both Henkel’s sales and earnings performance were raised:

• Organic sales growth: 2.5 to 4.5 percent (previously: 2.0 to 4.0 percent)
  • Adhesive Technologies: 2.0 to 4.0 percent (unchanged)
  • Consumer Brands: 3.0 to 5.0 percent (previously: 2.0 to 4.0 percent)

• Adjusted return on sales: 13.0 to 14.0 percent (previously: 12.0 to 13.5 percent)
  • Adhesive Technologies: 16.0 to 17.0 percent (previously: 15.0 to 16.5 percent)
  • Consumer Brands: 12.0 to 13.0 percent (previously: 11.0 to 12.5 percent)

• Adjusted earnings per preferred share (EPS): Increase in the range of +15.0 to +25.0 percent at constant exchange rates (previously: +5.0 to +20.0 percent)

Henkel has also updated its expectations regarding the effects of acquisitions/divestments as well as currencies on sales. The most recent acquisitions – Seal for Life Industries and Vidal Sassoon in China – were closed faster than anticipated, thus contributing earlier to sales and earnings development.