Henkel Q3 2024 sales rose to approximately €5.5 billion, reflecting a 3.3% organic growth driven by favorable pricing and volume trends. The company reported a nominal sales increase of 1% compared to the previous year, supported by strong gross margins and robust performance across both business units.
Henkel’s CEO, Carsten Knobel, stated, “Our growth agenda is on track, with continued organic sales growth and robust EBIT margins allowing for increased brand and business investments. We’re confident in achieving our upgraded sales and earnings targets for fiscal 2024, with the potential to reach the upper ranges for EBIT margin and EPS growth.”
Henkel also advanced its sustainability goals, including a Science-Based Target-validated roadmap to achieve net-zero greenhouse gas emissions by 2045.
Q3 Performance Highlights:
- Adhesive Technologies: Reported €2.8 billion in sales, a 3.7% organic growth mainly due to strong volume, despite a negative 3.3% foreign exchange impact.
- Consumer Brands: Sales totaled €2.65 billion, a nominal decline of 1.6%, with 2.7% organic growth driven by robust pricing.
Regional and Segment Overview
The company Q3 organic growth was driven by positive sales performance in Europe, IMEA, Asia-Pacific, and Latin America, while North America saw a slight decline.
2024 Outlook
It maintains a positive outlook, projecting 2.5%-4.5% organic growth for the Group, with adjusted EBIT margins expected between 13.5%-14.5%. The company anticipates a 20%-30% increase in EPS, supported by stable direct material costs, neutral acquisition impacts, and minor foreign currency effects.
A global leader in industrial and consumer sectors, Henkel holds top positions in adhesives, laundry care, and haircare, driven by brands such as Loctite, Persil, and Schwarzkopf. Founded in 1876, the company has over 48,000 employees dedicated to sustainable growth across its diverse markets. In India, Henkel operates through Henkel Adhesives Technologies India Pvt Ltd and Henkel Anand India Pvt Ltd, focusing on adhesive technologies and the professional hair care market.
