Henkel, a German chemical and consumer goods company, has revised its sales and profit forecasts for the full year of 2022. The decision to raise the forecast comes after Henkel reported a substantial 17% increase in sales during the third quarter, amounting to €5.98 billion ($5.98 billion). This boost in sales can be attributed to price increases for Henkel’s adhesives products.

Specifically, the adhesives unit experienced impressive sales growth of 22.6% during the period of July to September, contributing to half of the company’s overall sales. As a result of these positive results, Henkel now expects organic sales growth to reach seven to eight percent, surpassing its previous forecast range of 5.5-7.5%.

Furthermore, Henkel has also adjusted its return on sales projection for this year. The company now anticipates a range of 10-11%, compared to the earlier forecast of 9-11%. This increase in profitability demonstrates Henkel’s successful performance in the market.

Currently, Henkel is undergoing a restructuring process, led by Chief Executive Carsten Knobel. As part of this restructuring, the cosmetics business is being merged with the detergents division. This strategic move aims to streamline operations and drive efficiency within the organization.

Henkel’s revised forecasts and strong sales growth showcase its ability to adapt and thrive in a rapidly changing market. As the company continues its restructuring efforts and maximizes synergies between its various business segments, it is well-positioned for sustained growth and profitability in the coming years.

Useful Links:
Henkel Official Website
Reuters Article on Henkel