Henkel Reports Exceeding 2023 Financial Projections with Strong Organic Sales and Profit Gains

Henkel AG & Co. KGaA announced a significant improvement in organic sales growth and earnings for the fiscal year 2023. Accelerating its strategic growth agenda despite a challenging market, Henkel reported organic sales growth of 4.2 percent, reaching 21.5 billion euros, and a 10.2 percent increase in operating profit, totaling 2.6 billion euros. The company's EBIT margin also saw a substantial enhancement of 150 basis points, reaching 11.9 percent.

According to CEO Carsten Knobel, success was attributed to the strong performance of both Adhesive Technologies and Consumer Brands, exceeding the initial forecasts for 2023. Highlighting the accelerated merger of its consumer brands and the new customer-focused organization in Adhesive Technologies, Henkel also celebrated targeted acquisitions that bolstered business units and advancements in sustainability.

For fiscal 2024, Henkel projects an organic sales growth between 2.0 to 4.0 percent, with an expected EBIT margin of 12.0 to 13.5 percent, and a 5 to 20 percent increase in earnings per preferred share at constant exchange rates, emphasizing the company’s focus on profitable growth.

Henkel foresees moderate global economic and consumer demand growth in 2024, with a focus on continued investment in businesses, branding, and innovation, alongside strategic acquisitions to strengthen its market position.

The company remains committed to its strategic framework for purposeful growth, actively managing its portfolio to optimize performance while enhancing its sustainability and digitalization efforts.