Henkel Achieves Strong Organic Sales Growth in Third Quarter

Henkel posted organic sales growth of 3.9 percent in the third quarter of 2020 fiscal year, despite challenging economic conditions caused by the Covid-19 pandemic. Henkel CEO Carsten Knobel commented: "The effects of the global Covid-19 crisis continue to shape market conditions. Nevertheless, Henkel demonstrated solid business performance in the third quarter, supported by contributions from all three business units. This reflects the strength and diversity of our portfolio of successful brands and innovative technologies that we provide to customers through our industrial and consumer products business units. Additionally, we are beginning to see returns on our increased investments in marketing, innovation and digitalization. At the same time, we significantly increased the share of digital sales in total sales to above 15 percent in the third quarter."

Henkel performed well in the third quarter within this current challenging market environment. The Adhesive Technologies business unit achieved positive organic sales growth overall compared to the same quarter of the previous year.

Regionally, the Adhesive Technologies business unit posted very strong organic sales growth in emerging markets.

  Beauty Care business unit sales grew in the third quarter of 2020. The Branded Consumer Products business unit achieved very strong organic sales growth in the third quarter. As in the second quarter, the Body Care category posted growth in double-digit percentages. Hair Colorants delivered very strong sales growth through double-digit percentage organic sales increases. Hair Care similarly demonstrated notable progress and strong sales performance. Laundry and Home Care business unit posted organic sales growth and continued its successful development. The Laundry Care business area showed strong growth in the third quarter, driven by laundry detergents. The Persil brand achieved notable growth, particularly as a result of innovation initiatives. The Home Care business area posted double-digit percentage organic sales growth in the third quarter, as it did in the previous two quarters. Strong performance in this business area was largely driven by the Pril, Bref and Somat brand families, which posted double-digit percentage growth in dishwashing products, hard surface cleaners and toilet cleaners categories. This trend was supported by increased demand for home cleaning products due to the pandemic and by Henkel's successful product innovations.