Henkel: targets organic sales growth of 3.5% to 5.5%
(CercleFinance.com) - Henkel's sales increased 6% to 5,271 million euros in Q1 2022 (from 4,968 million euros in Q1 2021).
Organic sales growth reached +7.1%, mainly thanks to sound price performance, with volumes falling slightly at the same time.
Sales growth was particularly driven by the Adhesive Technologies business unit, which generated double-digit organic growth of +10.7%, with all business sectors contributing.
Henkel now expects total organic sales growth of +3.5% to +5.5% for FY 2022. Meanwhile, its adjusted return on sales (EBIT margin) is expected between 9.0% and 11.0%. For adjusted earnings per preferred share (EPS) at constant exchange rates, Henkel now expects a decline of -35% to -15%.
The consumer product group's shares are currently up almost 1%.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
Organic sales growth reached +7.1%, mainly thanks to sound price performance, with volumes falling slightly at the same time.
Sales growth was particularly driven by the Adhesive Technologies business unit, which generated double-digit organic growth of +10.7%, with all business sectors contributing.
Henkel now expects total organic sales growth of +3.5% to +5.5% for FY 2022. Meanwhile, its adjusted return on sales (EBIT margin) is expected between 9.0% and 11.0%. For adjusted earnings per preferred share (EPS) at constant exchange rates, Henkel now expects a decline of -35% to -15%.
The consumer product group's shares are currently up almost 1%.
Copyright (c) 2022 CercleFinance.com. All rights reserved.