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On Capital Markets Day at Henkel on 20 September, Henkel’s Management Board jointly presented the successes made in implementing the purposeful growth agenda, highlighting the growth and earnings potential of the two business units, Adhesive Technologies and the future Consumer Brands business.
In implementing the new organizational structure, Henkel is already ahead of the originally announced timeframe. Henkel also raised the sales guidance for the full year 2022 for both the Adhesive Technologies business unit, which continues its strong organic sales growth also in the third quarter, and for the Henkel Group.
The focus of the Capital Markets Day was on the two business units Adhesive Technologies and Consumer Brands with their respective strategic direction, technological competence, and attractive businesses with global leading brands. In addition, the clear focus on sustainability in all dimensions was reaffirmed as a success factor for the implementation of the company’s purposeful growth agenda – both for the individual business units as well as on Group level.
Outlook for organic sales growth for fiscal year 2022 raised
“In view of the continued strong sales growth in Adhesive Technologies, today we have updated the outlook for fiscal 2022 for both the Adhesive Technologies business unit and the Henkel Group. In addition, we are continuing to work intensively on comprehensive measures to compensate as far as possible the impact of the drastic increase in raw material, logistics and energy costs on our earnings development,” said Henkel CEO Carsten Knobel.
Henkel now expects organic sales growth of +5.5 to +7.5 percent at Group level in fiscal 2022 (previously: +4.5 to +6.5 percent). Organic sales growth of +10.0 to +12.0 percent is now expected for the Adhesive Technologies business unit (previously: +8.0 to +10.0 percent). For Beauty Care, Henkel continues to expect organic sales growth of -3.0 to -1.0 percent, in particular due to the implementation of the portfolio measures announced for 2022. For the Laundry & Home Care business unit, Henkel continues to expect organic sales growth of +4.0 to +6.0 percent.
Consistent implementation of the purposeful growth agenda
Henkel is pursuing an agenda for purposeful growth and has developed a clear strategic framework for this. Key elements of the strategic framework are a successful portfolio, clear competitive edge in the areas of innovation, sustainability, and digitalization as well as future-ready operating models based on a strong company culture.
“With our Adhesive Technologies business, we are the global leader, offering innovative solutions focusing on mega trends such as sustainability, e-mobility and connectivity. The Consumer Brands merger is an important strategic step for us to create a globally present multicategory platform with strong. I am convinced that we will achieve our ambitious goals and continue to successfully implement our purposeful growth agenda with great emphasis,” said Henkel CEO Carsten Knobel.
