The industrial adhesives business in particular is booming again at Henkel. But the group can also score points with detergents and cosmetics.
Despite the corona pandemic, the consumer goods manufacturer Henkel significantly increased sales and earnings by the first half of the year.
But in the next few months, the detergent, cosmetics and adhesives group fears burdens from rising raw material costs and tense supply chains, as he said on Thursday when he presented his quarterly figures.
The group, known for brands such as Persil, Pril and Schwarzkopf, but also for its industrial adhesives, increased its sales in the first half of the year by 4.7 percent to almost 10 billion euros. Adjusted for currency effects and portfolio changes, the increase was as much as 11.3 percent. The bottom line increased profit by 21.4 percent to 942 million euros.
“After a strong start to the 2021 financial year, Henkel once again accelerated growth in the course of the first half of the year and, adjusted for currency effects, has already exceeded the pre-crisis level of 2019,” the company reported. The adhesives business in particular benefited from the global economic recovery. But the cosmetics division and the laundry detergent and cleaning agent business also grew organically.
However, in the second half of the year, the group expects the strained supply chains and the extraordinarily sharp rise in raw material prices to have a negative impact. The group therefore raised its sales forecast and now expects sales growth of 6 to 8 percent for the year as a whole. But he left the earnings forecast unchanged due to the rising raw material costs. In terms of return on sales, the Düsseldorf company even assumed a little less than before.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
