Henkel Q1 Results

Henkel reports a good start to fiscal 2023 delivering a very strong organic sales growth in the first quarter with increased Group sales to around 5.6 billion euros.

The very strong organic sales growth of 6.6 percent was down to double-digit pricing, while volumes were below the prior-year level. In nominal terms, sales increased by 6.4 percent.

“We had a good start to the year – despite a continuously challenging market environment. The very strong sales increase in both business units underlines the strength of our portfolio of successful brands and innovative technologies. In the first quarter, we continued our pricing measures to further compensate for the headwinds from raw material and logistics costs,” said Henkel CEO Carsten Knobel.

“Today we affirmed our guidance for 2023 and, based on the very strong organic sales development in the first quarter, we are looking at the current fiscal year with confidence.”

The new business unit Consumer Brands likewise achieved very strong organic sales growth, with all business areas contributing.

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