Henkel continues growth momentum in third quarter

“We continued to deliver in the third quarter while driving Henkel’s successful further development. Both business units contributed to this with further organic growth. Also in the third quarter, we achieved strong gross margins, which allowed us to continue the increased investments in our businesses and brands. The adjusted EBIT margin showed a correspondingly strong development. This demonstrates that we are on the right track with our growth agenda,” said Carsten Knobel, CEO of Henkel. 

He added, “We are convinced that fiscal 2024 will be another successful year for Henkel and that we will achieve our sales and earnings targets, which we raised in the course of the year. Hence, we have reiterated our outlook today. Backed by the strong performance year-to-date, we see a clear chance to reach the upper half of the respective earnings ranges for the Group – this applies both to the adjusted EBIT margin and to adjusted EPS growth.”

Henkel also made further progress in implementing its strategic growth agenda. In this context, Henkel is intensifying its commitment to sustainability. As part of this process, Henkel has developed a net-zero roadmap, which includes extended targets for reducing emissions across the entire value chain.

“We all must take responsibility and help limit global warming to 1.5°C, as set out in the Paris Climate Agreement. Our roadmap, which has been validated by the Science Based Targets initiative, outlines what we are doing to achieve net-zero greenhouse gas emissions by 2045. In order to reach this goal, we will be implementing a wide range of measures across the entire value chain,” explained Carsten Knobel.

In the third quarter of 2024, Group sales increased nominally by 1.0% to euros 5,492-million. Effects from acquisitions/divestments increased sales by 1.2%. Foreign exchange effects had a negative impact of -3.6% on sales performance. Organically (adjusted for foreign exchange and acquisitions/divestments), sales increased by 3.3%. This growth was driven by both a good price development and an overall positive volume development at the Group level.

In the first nine months of 2024, sales totalled euros 16,305-million euros. This is equivalent to a nominal decrease of -0.4%. Organically, Henkel achieved strong sales growth of 3.0%, driven by both price and volume developments.