Henkel expects group organic sales to grow between 2.5% and 4.5%, and Adhesive Technologies to grow between 2% and 4%, for the full year 2024.
06 Nov 2024 | 2517 Views | By Autocar Professional Bureau
Henkel Group continued its growth trajectory into the third quarter of 2024, recording group sales of around 5.5 billion euros, a 3.3% organic increase year-over-year. The growth was attributed to effective price strategies and strong demand across the company’s main business units. In nominal terms, this represents a 1.0% rise ...
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Henkel Group continued its growth trajectory into the third quarter of 2024, recording group sales of around 5.5 billion euros, a 3.3% organic increase year-over-year. The growth was attributed to effective price strategies and strong demand across the company’s main business units. In nominal terms, this represents a 1.0% rise compared to Q3 2023, showing resilience despite challenging global economic conditions.
The Adhesive Technologies business unit, Henkel's largest division, led the quarter's performance with a 3.7% organic sales growth, driven by increased demand across its key sectors. This growth was marked by strong sales in Mobility & Electronics, Packaging & Consumer Goods, and Craftsmen, Construction & Professional segments, with each segment making significant contributions to the overall performance.
Carsten Knobel, Henkel's CEO, acknowledged the team’s role in achieving consistent growth. He said, “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.” Knobel noted that strong gross margins supported the company’s increased investments across its core brands and businesses, further aligning with Henkel's growth strategy.
In addition to financial growth, Henkel reaffirmed its commitment to ambitious climate protection targets, aiming for net-zero greenhouse gas emissions across its value chain by 2045. Henkel’s Science Based Targets initiative validated the company’s roadmap, which includes a series of measures to support the global goal of limiting temperature rise to 1.5°C as outlined in the Paris Climate Agreement. “We all must take responsibility and help limit global warming,” Knobel said, underscoring Henkel’s leadership in sustainability.
For the full year 2024, Henkel expects group organic sales growth between 2.5% and 4.5%, with Adhesive Technologies anticipated to grow between 2.0% and 4.0%. The Consumer Brands unit is expected to achieve an organic sales increase between 3.0% and 5.0%. Henkel remains optimistic about reaching the upper range of its earnings forecasts, citing strong performance year-to-date and continuing investments in brand innovation and sustainability initiatives.
Henkel’s ongoing success in the Indian market, supported by its Adhesive Technologies India division, reflects the company’s global growth agenda and commitment to sustainability, ensuring that its operations remain aligned with both financial performance and environmental responsibility.