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Stock impact report

German chemicals firm Henkel raises 2024 sales and earnings outlook [Yahoo! Finance]

HENKEL AG & CO KGAA PFD (HENOY) 
NASDAQ:AMEX Investor Relations: henkel.com
Company Research Source: Yahoo! Finance
Adjusted earnings per preferred share are expected to increase in the range of 15% to 25% at constant exchange rates, up the initial March estimate of 5% to 20%. Organic sales growth is now expected between 2.5% and 4.5% above the previous range of 2% to 4%. Expected growth in the adhesive technologies segment has been reaffirmed between 2% and 4%. The guidance for consumer brands has increased to between 3% and 5%, from between 2% and 4%. Adjusted return on sales is expected between 13% and 14%, up from 12% to 13.5%. Based on preliminary figures, Henkel's group sales in the first quarter stood at around €5.3 billion ($5.7 billion), implying organic sales growth of 3%. While the adhesive technologies business recorded sales of around €2.7 billion and positive organic sales growth of 1.3%, the consumer brands segment achieved sales of €2.6 billion and organic sales growth of 5.2%. The company will report further details on sales development in the first quarter on May 8. Show less Read more
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