Henkel Achieves Sales of EUR 5.1 Billion

Henkel Group continued to progress toward its growth targets in the third quarter of 2021, achieving sales of approximately EUR 5.1 billion at the Group level. This corresponds to strong organic sales growth of +3.5 percent, driven particularly by positive pricing across all business units. Steady volume growth emerged from normalizing demand in consumer business units and ongoing recovery in industrial production. Nominal sales increased by +1.9 percent. Henkel Chief Executive Officer Carsten Knobel commented: "The effects of the global Covid-19 crisis, tight conditions in raw material markets and disruptions in global supply chains continued to impact the market environment in which we operate during the third quarter. Nevertheless, Henkel delivered solid business performance. When we compare this development with the pre-crisis level of the third quarter of 2019, we achieved organic growth of +3.7 percent on an annualized basis. All business units are performing above their pre-crisis levels." Knobel continued: "Successful innovations particularly in the sustainability area and the expansion of digital business activities provided significant contributions to growth. The strong organic sales growth delivered in the third quarter is an indication of our strong and balanced portfolio comprised of successful brands and innovative technologies. Above all, this is a result of the strong performance demonstrated by our global team, which continues to contribute with great determination to Henkel's long-term success during this challenging period." At the Group level, the company continues to forecast organic sales growth between +6.0 and +8.0 percent, while currently forecasting adjusted sales profit margin (VFÖK margin) at approximately 13.5 percent. On a constant currency basis for preferred earnings per share (EPS), Henkel forecasts growth in the upper levels of the single-digit percentage range. Knobel stated: "We continue to conduct our operations in a highly challenging market environment. However, with our strategic framework centered on purposeful growth and our strong global team, we are fully prepared to emerge from this crisis stronger and to successfully shape our future."