Henkel delivers strong results in 2023
Henkel Group sales reached 21,514 million euros in fiscal 2023, a nominal decrease of -3.9 percent compared to the prior year.
Foreign exchange effects negatively impacted the sales development by -4.3 percent. At -3.9 percent, acquisitions/divestments had a negative impact on sales, which was mainly due to the divestment of the business activities in Russia. Organic sales growth was very strong at 4.2 percent. This development was driven by a price increase in the high single-digit percentage range, while volumes declined. In the second half of the year, however, there was a clear sequential improvement in the volume development.
Highlights included:
- Strong business performance in 2023
- Sales: 21.5 billion euros, very strong organic growth of 4.2 percent
- Operating profit (EBIT): 2.6 billion euros, significant increase of 10.2 percent EBIT margin: 11.9 percent, strong improvement by 150 basis points
- Earnings per preferred share (EPS)* significantly higher: 4.35 euros, +20.0 percent at constant exchange rates
- Free cash flow at a new high of 2.6 billion euros
- Stable dividend proposed: 1.85 euros per preferred share
- Implementation of Purposeful Growth Agenda further accelerated
- Consumer Brands: Merger progressing faster than planned
- Adhesive Technologies: New organization even more customer-focused
- Both business units strengthened with targeted acquisitions
- Sustainability driven forward in key areas
- Outlook for fiscal 2024 – focus on profitable growth
- Organic sales growth: 2.0 to 4.0 percent
- EBIT margin: 12.0 to 13.5 percent Earnings per preferred share (EPS): Increase of +5 to +20 percent (at constant exchange rates)
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