Henkel raises sales forecasts

Drhe is Henkel Consumer Goods Corporation It raised its sales growth forecast for the second time in a row due to the good performance of the adhesives business. However, since the Dusseldorf-based Dax Group is still struggling to increase costs for raw materials and logistics, higher sales prices do not have the same impact on profits.

Henkel announced on Tuesday’s Investor Day that organic growth should be between 5.5 and 7.5 percent in 2022. The group had previously assumed 4.5 to 6.6 percent. At the same time, Henkel confirmed its earnings forecast: the company expects an adjusted return on sales of 9 to 11 percent. Adjusted earnings per preferred share at constant exchange rates are expected to decline 35 to 15 percent. Chief Financial Officer Marco Soboda said there was “potential” to reach the upper end of the range. Swoboda also announced that when Henkel announced its withdrawal from Russia, it, like other companies, would not simply pass the keys to third parties without receiving any money in return. “The exit process is underway, but we want to make sure that we maintain value for our business,” said Soboda. The process should be completed by the end of the year. Henkel operated eleven plants in Russia.