Henkel posted sales of 5,5 billion euros in the third quarter of 2024, with organic growth of 3,3 percent compared to the previous year, supported by price developments and volume increases. In nominal terms, sales increased by 1 percent, with a negative exchange rate effect of 3,6 percent. CEO Carsten Knobel said the results were in line with the company's targets and confirmed the guidance for 2024.
The division Adhesive Technologies achieved sales of 2,8 billion euros in the quarter, recording organic growth of 3,7 percent thanks to higher volumes. In the first nine months of 2024, the division's sales increased by 1,1 percent to 8,275 billion euros, representing organic growth of 2,5 percent. For 2024, Henkel expects organic growth of 2,0 percent to 4,0 percent for this division.
The division Consumer Brands reported quarterly sales of €2,653 billion, a nominal decline of 1,6% compared to 2023, but with organic growth of 2,7%, supported by prices. In the first nine months of the year, the division recorded sales of €7,919 billion, with organic growth of 3,7%. The organic growth forecast for Consumer Brands is between 3,0% and 5,0% for the full year.
Geographically, organic sales growth was positive in Europe, IMEA, Asia Pacific and Latin America, while North America showed a decline for both divisions. For 2024, Henkel confirms its guidance for organic sales growth of 2,5 to 4,5 percent, with an adjusted EBIT margin expected to be between 13,5 and 14,5 percent and earnings per preferred share (EPS) expected to grow by +20 to +30 percent at constant exchange rates.
