Henkel 1Q Sales Rose; Lifts Guidance

   By Giulia Petroni

Henkel AG & Co. KgaA on Thursday reported organic sales growth across all business segments in the first quarter and raised its full-year guidance.

The German consumer-goods company said quarterly sales were up 0.8% on year to 4.97 billion euros ($5.97 billion). On an organic basis, sales increased 7.7%.

At Henkel's adhesive technologies business, sales rose 13% organically driven by a recovery in industrial production, while the beauty care business posted organic growth of 2.3% with emerging markets as the main growth driver. Sales at the laundry and home-care unit grew 4.1% on an organic basis.

Looking at the full year, Henkel said it expects organic sales growth of between 4% and 6% at group level, compared with a previous forecast of 2% to 5%. The adjusted earnings before interest and taxes margin is seen between 14% and 15%, while adjusted earnings per preferred shares are expected to increase in the high single-digit to mid-teen percentage range at constant currencies.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

May 06, 2021 02:01 ET (06:01 GMT)

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