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Henkel reported sales increase to 5,037 million euros

By Niranjan Mudholkar,

Added 16 November 2018

Organic growth +2.7% in the third quarter.

henkel

Henkel confirms its expectations of organic sales growth in the Adhesive Technologies business unit of 4 to 5 percent.

Henkel reported sales increase to 5,037 million euros, organic growth +2.7% in the third quarter. “Henkel delivered a good development in the third quarter. In a continuously challenging market environment with currency headwinds and higher material prices, we further increased sales, earnings and profitability. All three business units contributed to the positive development,” said Henkel CEO Hans Van Bylen. “The overall good organic sales growth was mainly driven by our Adhesive Technologies business unit. Also, in our consumer goods businesses we increased sales organically.”

“In the first nine months of fiscal 2018 we faced an overall difficult economic environment. Negative currency effects reduced group sales by more than 900 million euros in this period. Nevertheless, we continued to deliver profitable growth. We are committed to further drive the implementation of our strategic priorities,” said Hans Van Bylen.

 

Guidance for fiscal year 2018 confirmed

Henkel confirms its guidance for fiscal 2018. The company continues to expect organic sales growth of 2 to 4 percent for the Henkel Group. Henkel confirms its expectations of organic sales growth in the Adhesive Technologies business unit of 4 to 5 percent. In the Beauty Care business unit Henkel confirms its expectation of positive organic sales growth of 0 to 2 percent. In the Laundry & Home Care business unit Henkel continues to expect growth in the range of 2 to 4 percent.

For adjusted return on sales (EBIT), Henkel continues to anticipate an increase year on year to around 18 percent. All three business units are expected to contribute to this positive performance. Henkel confirms its expectation of an increase of between 3 and 6 percent in adjusted earnings per preferred share.

(Continued on the next page)

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