Henkel Continues Growth Momentum
Henkel raised group sales to approximately EUR 5.5 billion in the third quarter of 2024. This figure corresponds to strong organic growth of 3.3%.
Henkel CEO Carsten Knobel said: "We continued Henkel's successful momentum in the third quarter. At the same time, we achieved strong gross profit margins in the third quarter and were able to increase investments in our business units and brands. This shows we are on the right track with our growth agenda."
Henkel made further progress in implementing its strategic growth agenda. In this context, Henkel is strengthening its sustainability commitments. During this process, Henkel developed a net zero roadmap containing expanded targets for reducing emissions across the entire value chain.
Carsten Knobel expressed his views on the subject as follows: "We all need to take responsibility and help limit global warming to 1.5°C as specified in the Paris Climate Agreement. Our roadmap, validated by the Science Based Targets initiative (SBTi), shows what we are doing to reduce greenhouse gas emissions to net zero by 2045. To achieve this goal, we will implement large-scale measures across the value chain.
Adhesive Technologies Sales Performance
The Adhesive Technologies business unit achieved sales of EUR 2.800 billion in the third quarter of 2024. This figure represents a nominal increase of 3.3% compared to the same quarter of the previous year (prior year: EUR 2.711 billion). On an organic basis (adjusted for foreign exchange rates and acquisitions/divestments), sales increased 3.7%.
Consumer Brands Sales Performance
In the Consumer Brands business unit, sales reached EUR 2.653 billion in the third quarter of 2024. On an organic basis (adjusted for foreign exchange effects and acquisitions/divestments), the business unit achieved good sales growth of 2.7%, supported by continued strong pricing.
Henkel Group Outlook
Henkel expects organic sales growth at group level in the 2024 fiscal year to be between 2.5% and 4.5%. For Adhesive Technologies, organic sales growth is expected to be in the range of 2.0% to 4.0%. For Consumer Brands, organic sales growth is forecast in the range of 3.0% to 5.0%.
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