Henkel AG & Co. KGaA: Henkel expects, based on preliminary figures, organic sales growth in the first quarter 2021 significantly above current market expectations

Düsseldorf, 2021-03-31T18:15+02:00 (MESZ)

Henkel expects, based on preliminary figures, organic sales growth in the first quarter 2021 significantly above current market expectations

Based on preliminary figures, in a continued challenging economic environment Henkel expects organic sales growth (excluding the impact of currency effects and acquisitions/divestments) in the first three months of fiscal 2021 of in total around 7 percent, which is significantly above the current market expectation of around 3.5 percent (source: Visible Alpha).

Against the background of the recovery in industrial demand in the first quarter and based on preliminary figures, the Adhesive Technologies business unit is expected to achieve an organic sales growth of around 12.5 percent. Henkel expects the Beauty Care business unit to record a positive organic sales growth of around 1.0 percent, in particular affected by pandemic-related market headwinds. Despite core mature markets of Laundry & Home Care starting to slow down, preliminary figures for this business unit indicate strong organic sales growth of around 3.5 percent in the first quarter.

Henkel will provide further details and background in the quarterly statement for the first quarter of 2021 on May 6, 2021.

Henkel AG & Co. KGaA

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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.