Henkel Reports Strong Organic Sales Growth in Q1 2024

Henkel AG & Co. KGaA announced a robust start to 2024 with significant organic sales growth in the first quarter. Despite a nominal sales decline of 5.2 percent year-on-year due to divestitures and negative currency exchange impacts, the company achieved an organic sales increase of 3.0 percent, totaling around 5.3 billion euros.

The growth was largely fueled by their Consumer Brands and Adhesive Technologies units, reporting organic increases of 5.2 percent and 1.3 percent respectively. Notably, the acquisitions of Seal for Life Industries and Vidal Sassoon in China were completed ahead of schedule, potentially boosting future prospects. Following these results, Henkel raised its full-year guidance on May 3, now expecting enhanced revenue growth and higher profit margins.