Henkel AG & Co. KGaA / DE0006048432
03.05.2024 - 09:48:01Henkel AG & Co. KGaA: Henkel raises sales and earnings outlook for 2024
EQS-Ad-hoc: Henkel AG & Co. KGaA / Key word(s): Change in Forecast/Quarter Results Henkel AG & Co. KGaA: Henkel raises sales and earnings outlook for 2024 03-May-2024 / 09:48 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Düsseldorf, 2024-05-03T09:15+02:00 (CEST) Henkel raises sales and earnings outlook for 2024 Düsseldorf – Based on the very good business performance in the year to date and the assumptions for the remainder of the year, the Management Board of Henkel AG & Co. KGaA today decided to raise the outlook for the current financial year, which was published at the beginning of March. Expectations for both Henkel’s sales and earnings performance were raised: Organic sales growth: 2.5 to 4.5 percent (previously: 2.0 to 4.0 percent) Adhesive Technologies: 2.0 to 4.0 percent (unchanged) Consumer Brands: 3.0 to 5.0 percent (previously: 2.0 to 4.0 percent) Adjusted return on sales: 13.0 to 14.0 percent (previously: 12.0 to 13.5 percent) Adhesive Technologies: 16.0 to 17.0 percent (previously: 15.0 to 16.5 percent) Consumer Brands: 12.0 to 13.0 percent (previously: 11.0 to 12.5 percent) Adjusted earnings per preferred share (EPS): Increase in the range of +15.0 to +25.0 percent at constant exchange rates (previously: +5.0 to +20.0 percent) Henkel has also updated its expectations regarding the effects of acquisitions/divestments as well as currencies on sales. The most recent acquisitions – Seal for Life Industries and Vidal Sassoon in China – were closed faster than anticipated, thus contributing earlier to sales and earnings development. Acquisitions/Divestments: neutral impact on nominal sales growth (previously: negative impact in the low single-digit percentage range) Translation of sales in foreign currencies: negative impact in the low to mid-single-digit percentage range (previously: negative impact in the mid-single-digit percentage range) The following expectations for 2024 remain unchanged: Prices for direct materials: flat development1 Restructuring expenses of 250 to 300 million euros Cash outflows from investments in property, plant and equipment and intangible assets of between 650 and 750 million euros 1 Compared to the previous year's average Organic sales development in the first quarter 2024 Based on preliminary figures, Henkel generated Group sales of around 5.3 billion euros in the first quarter of 2024, achieving strong organic sales growth of 3.0 percent. The Adhesive Technologies business unit recorded sales of around 2.7 billion euros and positive organic sales growth of 1.3 percent. The Consumer Brands business unit achieved sales of 2.6 billion euros and very strong organic sales growth of 5.2 percent. Henkel will report further details on the sales development in the first quarter on May 8, 2024. Henkel AG & Co. KGaA Further information regarding financial instruments issued by Henkel
End of Inside Information 03-May-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
Language: | English |
Company: | Henkel AG & Co. KGaA |
Henkel Str. 67 | |
40191 Düsseldorf | |
Germany | |
Phone: | +49 (0)211 797-0 |
Fax: | +49 (0)211 798-4008 |
E-mail: | press@henkel.com |
Internet: | www.henkel.de |
ISIN: | DE0006048432, DE0006048408 |
WKN: | 604843, 604840 |
Indices: | DAX |
Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange |
EQS News ID: | 1894681 |
End of Announcement | EQS News Service |
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1894681 03-May-2024 CET/CEST