Henkel Raises Full-Year Outlook on Higher Earnings
10 August 2023 - 8:19AM
Dow Jones News
By Giulia Petroni
Henkel has raised its outlook for the full year after sales and
earnings increased in the first half despite a persistently
challenging environment characterized by high material and logistic
prices.
The German chemicals and consumer-goods company on Thursday said
it expects sales to grow between 2.5% and 4.5% organically in 2023
compared to previous expectations of between 1% and 3%.
The adjusted earnings before interest and taxes margin is seen
at between 11% and 12.5% from previously 10%-12%, while adjusted
earnings per preferred shares are expected to increase 5% to 20% at
constant exchange rates from between minus 10% and 10%
previously.
For the first six months of the year, Henkel reported EBIT of
864 million euros ($948.1 million) from EUR684 million in the
year-earlier period. Adjusted EBIT rose 7.6% to EUR1.25 billion,
while the adjusted EBIT margin increased by 80 basis points to
11.5%.
Sales came in at EUR10.93 billion, registering an organic growth
of 4.9% on year.
"We achieved very strong growth in both business units," said
Chief Executive Carsten Knobel. "At the same time, we succeeded in
significantly improving our earnings despite the continuing
headwinds from high material and logistic prices."
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
August 10, 2023 02:04 ET (06:04 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Henkel AG & Co KGAA (TG:HEN)
Historical Stock Chart
Von Apr 2024 bis Mai 2024
Henkel AG & Co KGAA (TG:HEN)
Historical Stock Chart
Von Mai 2023 bis Mai 2024