31 Mar, 2021 Düsseldorf / Germany
Henkel expects strong start into fiscal 2021
Despite the continued challenging economic environment as a result of the COVID-19 crisis, Henkel expects a very strong organic sales growth in the first quarter of 2021. According to preliminary figures, Henkel expects for the first quarter organic sales growth (excluding the impact of currency effects and acquisitions/divestments) of around 7 percent, significantly above current market expectations of around 3.5 percent.
“Despite the ongoing COVID-19 pandemic we expect that Henkel will report a very good performance in the first quarter of the year, in particular driven by the Adhesive Technologies business unit,” said Henkel CEO Carsten Knobel.
Against the background of the recovery in industrial demand in the first quarter and based on preliminary figures, the Adhesive Technologies business unit is expected to achieve an organic sales growth of around 12.5 percent.
Henkel expects the Beauty Care business unit to record a positive organic sales growth of around 1.0 percent, in particular affected by pandemic-related market headwinds.
Despite core mature markets of Laundry & Home Care starting to slow down, preliminary figures for this business unit indicate strong organic sales growth of around 3.5 percent in the first quarter.
Henkel will provide further details and background in the quarterly statement for the first quarter of 2021 on May 6, 2021.
This information contains forward-looking statements which are based on current estimates and assumptions made by the corporate management of Henkel AG & Co. KGaA. Statements with respect to the future are characterized by the use of words such as “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, and similar terms. Such statements are not to be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and results actually achieved by Henkel AG & Co. KGaA and its affiliated companies depend on a number of risks and uncertainties and may therefore differ materially from the forward-looking statements. Many of these factors are outside Henkel’s control and cannot be accurately estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. Henkel neither plans nor undertakes to update any forward-looking statements.
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