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Apr 1, 2021
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Henkel sees first-quarter organic sales up 7%, above market view

By
Reuters API
Published
Apr 1, 2021

Henkel, the German chemicals and consumer goods group, said on Wednesday it expected first-quarter sales to significantly exceed market expectations with organic growth of around 7%.

Beauty products are forecast to grow by 1% and laundry and home care by 3.5% - Reuters


Its adhesive technologies unit was expected to achieve organic sales growth of around 12.5%, driven by a recovery in industrial demand. Beauty products are forecast to grow by 1% and laundry and home care by 3.5%.

Henkel issued the guidance update in a regulatory news release, as required under stock exchange rules when performance diverges from market expectations. It will provide detail in its quarterly results statement on May 6.

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