24th January 2019

HENKEL REPORTS DOUBLE-DIGIT GROWTH

Henkel is reporting double-digit growth for both sales and earnings in the second quarter of this year. The main drivers, according to CEO Kasper Rorsted, were solid sales in organics, the strong US dollar and acquisitions the company made last year.

Referring to Henkel’s performance in the first six months of 2015, Rorsted stated: “In the first half of 2015 we were able to increase sales by almost 1.1-billion euros to more than 9.1-billion euros. With organic sales growth of 3.0 percent, an adjusted EBIT margin of 16.2 percent and adjusted EPS growth of 12.3 percent, we are on track to reach our full year guidance.”

He added that he expects the current difficult global economic environment to persist through 2015, with market volatility remaining high. In this context, he noted, agility and flexibility are key success factors.

“We will therefore continue to adapt, further simplify and accelerate our structures and processes in line with the changing market conditions.”

For the full year, he anticipates achieving organic sales growth of 3 to 5 percent. “We expect adjusted return on sales to increase to around 16 percent,” he added, “and anticipate an increase in adjusted earnings per preferred share of approximately 10 percent.”

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