Henkel expects strong start into fiscal 2021

Friday 09 April 2021 15:49
Despite the continued challenging economic environment as a result of the COVID-19 crisis, Henkel expects a very strong organic sales growth in the first quarter of 2021. According to preliminary figures, Henkel expects for the first quarter organic sales growth (excluding the impact of currency effects and acquisitions/divestments) of around 7 percent, significantly above current market expectations of around 3.5 percent.
Henkel expects strong start into fiscal 2021

"Despite the ongoing COVID-19 pandemic we expect that Henkel will report a very good performance in the first quarter of the year, in particular driven by the Adhesive Technologies business unit," said Henkel CEO Carsten Knobel.

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.

About Henkel
Henkel operates globally with a well-balanced and diversified portfolio. The company holds leading positions with its three business units in both industrial and consumer businesses thanks to strong brands, innovations and technologies. Henkel Adhesive Technologies is the global leader in the adhesives market - across all industry segments worldwide. In its Laundry & Home Care and Beauty Care businesses, Henkel holds leading positions in many markets and categories around the world. Founded in 1876, Henkel looks back on more than 140 years of success. In 2020, Henkel reported sales of more than 19 billion euros and adjusted operating profit of about 2.6 billion euros. Henkel employs about 53,000 people globally - a passionate and highly diverse team, united by a strong company culture, a common purpose to create sustainable value, and shared values. As a recognized leader in sustainability, Henkel holds top positions in many international indices and rankings. Henkel's preferred shares are listed in the German stock index DAX. For more information, please visit www.henkel.com.

This information contains forward-looking statements which are based on current estimates and assumptions made by the corporate management of Henkel AG & Co. Future performance and results actually achieved by Henkel AG & Co. KGaA and its affiliated companies depend on a number of risks and uncertainties and may therefore differ materially from the forward-looking statements.

Source: 124 Communications Consulting