Henkel raises outlook for fiscal 2023

Henkel group sales of around 5.4 billion euros, organic sales growth of +2.8 percent.

Adhesive Technologies had a positive organic sales growth of +0.8 percent. Consumer Brands had a very strong organic sales growth of +6.2 percent. Consumer Brands integration significantly ahead of plan – more than 80 percent of savings expected by the end of this year.

Henkel growth was driven by continued strong pricing in view of significantly higher raw material prices compared to the prior year.

“Despite a persistently challenging market environment, we successfully sustained our growth momentum in the third quarter” said Henkel CEO Carsten Knobel.

Despite demand remaining subdued in some end markets relevant to Henkel, the Adhesive Technologies business unit recorded positive organic sales growth in the third quarter, driven by the Mobility & Electronics and the Craftsmen, Construction & Professional business areas. The very strong organic sales growth in the Consumer Brands business unit, and is driven by the global business areas Laundry & Home Care and Hair.

In addition, Henkel continued to make good progress in the third quarter with the implementation of its strategic growth agenda. By acquiring Critica Infrastructure, Henkel has added an attractive adjacent business to the portfolio of its Adhesive Technologies business unit to create a platform for further growth.

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