Consumer goods company: Henkel raises sales forecast after growth in the first half year
The company is raising its sales forecast and is thus defying the weak consumer mood. This also makes Henkel more optimistic about the future.
Düsseldorf - Consumer goods conglomerate Henkel has raised its revenue forecast after posting growth in the half-year, according to wire material. The Düsseldorf-based company reported an increase in both its organic sales and profit during the first half of the year. Henkel CEO Carsten Knobel attributed this improvement to the performance of both its segments.
The manufacturer of Loctite, Persil, and Schwarzkopf reported an organic sales growth of 3.2 percent, reaching approximately 10.3 billion euros. The adjusted operating profit (EBIT) was slightly above the previous year's figure, at 1.62 billion euros. Both metrics met analyst expectations. For the current year, Henkel anticipates organic sales growth between 1.5 and 3.5 percent, whereas it previously forecasted a range of one to three percent.
The adjusted revenue margin (EBIT margin) is expected to fall within a range of 14.5 to 16 percent, an improvement from 14.8 percent in the previous year.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
