Henkel delivers strong organic sales growth in the first quarter

• Group sales: around 5.3 billion euros, organic growth of 3.0 percent
• Organic sales increase driven by both business units:
  • Adhesive Technologies: positive organic sales growth of 1.3 percent
  • Consumer Brands: very strong organic sales growth of 5.2 percent
• Acquisitions of Seal for Life Industries and Vidal Sassoon in China closed earlier than anticipated
• Further progress in implementing strategic growth agenda
• Outlook for fiscal 2024 significantly raised on May 3:
  • Organic sales growth: 2.5 to 4.5 percent ‏(previously: 2.0 to 4.0 percent)
  • Adjusted return on sales: 13.0 to 14.0 percent ‏(previously: 12.0 to 13.5 percent)
  • Adjusted earnings per preferred share ‏(EPS): Increase in the range of +15.0 to +25.0 percent at constant exchange rates ‏(previously: +5.0 to +20.0 percent)

In the first quarter of 2024, Henkel achieved Group sales of around 5.3 billion euros and generated strong organic sales growth of 3.0 percent. The increase was driven by a positive price development in both business units. Volume development at Group level, which is still being impacted by the portfolio measures in the Consumer Brands business unit, showed a further sequential improvement compared to the fourth quarter of 2023. In nominal terms, sales were down -5.2 percent compared to the prior-year quarter – predominantly due to the sale of the business activities in Russia and to negative foreign exchange effects.

“We had a very good start to the year. In addition, we were able to close the acquisitions of Seal for Life Industries and Vidal Sassoon in China faster than anticipated and will thus further strengthen our businesses,” sa