Henkel Continues Growth Momentum

In the third quarter of 2024, Henkel increased group sales to approximately EUR 5.5 billion, continuing its organic growth.

Henkel Chief Executive Officer Carsten Knobel stated: "We continued Henkel's successful trajectory in the third quarter. At the same time, we achieved strong gross profit margins in the third quarter, which enabled us to continue increasing investments in our business units and brands. This demonstrates that we are on the right track with our growth agenda."

Henkel made further progress in implementing its strategic growth agenda. In this context, Henkel is further strengthening its sustainability commitments. During this process, Henkel developed a net zero roadmap containing expanded targets for reducing emissions across the entire value chain.

Carsten Knobel expressed his views on the matter as follows: "We must all take responsibility and help limit global warming to 1.5°C as specified in the Paris Climate Agreement. Our roadmap, validated by the Science Based Targets initiative (SBTi), demonstrates what we are doing to reduce greenhouse gas emissions to net zero by 2045. To achieve this goal, we will implement large-scale measures throughout the value chain."

Adhesives Technologies Sales Performance

The Adhesives Technologies business unit achieved sales of EUR 2,800 million in the third quarter of 2024. This figure represents a nominal increase of 3.3 percent compared to the same quarter of the previous year (prior year: EUR 2,711 million). On an organic basis (adjusted for exchange rates and acquisitions/disposals), sales grew by 3.7 percent.

Consumer Brands Sales Performance

In the Consumer Brands business unit, sales came in at EUR 2,653 million in the third quarter of 2024. On an organic basis (adjusted for exchange rate effects and acquisitions/disposals), the business unit achieved solid sales growth of 2.7 percent, supported by a continued strong pricing component.

Henkel Group Outlook

For the 2024 financial year, Henkel expects organic sales growth at the group level to be between 2.5 and 4.5 percent. For Adhesives Technologies, organic sales growth is expected to range between 2.0 and 4.0 percent. For Consumer Brands, organic sales growth between 3.0 and 5.0 percent is expected.