Henkel raises sales and earnings outlook for 2024
EQS-Ad-hoc: Henkel AG & Co. KGaA / Key word(s): Change in Forecast/Quarter Results Düsseldorf, 2024-05-03T09:15+02:00 (CEST) Henkel raises sales and earnings outlook for 2024 Düsseldorf – Based on the very good business performance in the year to date and the assumptions for the remainder of the year, the Management Board of Henkel AG & Co. KGaA today decided to raise the outlook for the current financial year, which was published at the beginning of March. Expectations for both Henkel’s sales and earnings performance were raised:
Henkel has also updated its expectations regarding the effects of acquisitions/divestments as well as currencies on sales. The most recent acquisitions – Seal for Life Industries and Vidal Sassoon in China – were closed faster than anticipated, thus contributing earlier to sales and earnings development.
The following expectations for 2024 remain unchanged:
1 Compared to the previous year's average Organic sales development in the first quarter 2024 Based on preliminary figures, Henkel generated Group sales of around 5.3 billion euros in the first quarter of 2024, achieving strong organic sales growth of 3.0 percent. The Adhesive Technologies business unit recorded sales of around 2.7 billion euros and positive organic sales growth of 1.3 percent. The Consumer Brands business unit achieved sales of 2.6 billion euros and very strong organic sales growth of 5.2 percent. Henkel will report further details on the sales development in the first quarter on May 8, 2024.
Henkel AG & Co. KGaA Further information regarding financial instruments issued by Henkel
For further financial instruments see www.henkel.com/ir Disclaimer This information contains forward-looking statements which are based on the current estimates and assumptions made by the corporate management of Henkel AG Co. KGaA. Forward-looking statements are characterized by the use of words such as expect, intend, plan, predict, assume, believe, estimate, anticipate, etc. Such statements are not to be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and the results actually achieved by Henkel AG Co. KGaA and its affiliated companies depend on a number of risks and uncertainties and may therefore differ materially from the forward- looking statements. Many of these factors are outside Henkel's control and cannot be accurately estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. Henkel neither plans nor undertakes to update any forward-looking statements. This information includes – in the applicable financial reporting framework not clearly defined – supplement financials measures that are or may be alternative performance measures (non-GAAP-measures). These supplement financials measures should not be viewed in isolation or as alternatives to measures of Henkel’s net assets and financial positions or results of operations as presented in accordance with applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently. Explanations of financial measures used can be found in the Annual Report of Henkel (available at https://www.henkel.com/investors-and-analysts/financial-reports/annual-reports), in particular in the Combined Management Report. This document has been issued for information purposes only and is not intended to constitute an investment advice or an offer to sell, or a solicitation of an offer to buy, any securities. End of Inside Information
03-May-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Henkel AG & Co. KGaA |
Henkel Str. 67 | |
40191 Düsseldorf | |
Germany | |
Phone: | +49 (0)211 797-0 |
Fax: | +49 (0)211 798-4008 |
E-mail: | press@henkel.com |
Internet: | www.henkel.de |
ISIN: | DE0006048432, DE0006048408 |
WKN: | 604843, 604840 |
Indices: | DAX |
Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange |
EQS News ID: | 1894681 |
End of Announcement | EQS News Service |
|
1894681 03-May-2024 CET/CEST