Henkel delivers Q1 results

In the first quarter of 2024, Henkel reports Group sales of around 5.3 billion euros, generating strong organic sales growth of 3.0 percent.

Henkel says the increase is due to a positive price development in both business units. Volume development at Group level is showing a further sequential improvement compared to the fourth quarter of 2023.

Outlook for fiscal 2024 significantly raised on May 3:

• Organic sales growth: 2.5 to 4.5 percent (previously: 2.0 to 4.0 percent)
• Adjusted return on sales: 13.0 to 14.0 percent (previously: 12.0 to 13.5 percent)
• Adjusted earnings per preferred share (EPS): Increase in the range of +15.0 to +25.0 percent at constant exchange rates (previously: +5.0 to +20.0 percent)

Read more here.