On April 20, 2023, Henkel announced the signing of an agreement on the sale of its business activities in Russia to a consortium of local financial investors. The program was successfully completed in the first quarter of 2023: By the end of March, the company had repurchased shares with a total value of around 1 billion euros. For example, we are rigorously driving integration and portfolio focus in our Consumer Brands business unit, we are aligning the organizational structure of our Adhesive Technologies business unit even more closely to our customer base, and we have successfully launched relevant innovations in both businesses," explained Carsten Knobel.Īs part of its capital allocation strategy, Henkel had launched a share buyback program for the first time ever in 2022.
"We also pushed ahead with our strategic priorities and have made important progress.
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The new business unit Consumer Brands likewise achieved very strong organic sales growth, with all business areas contributing.ġ Pro forma values for prior-year figures, based on the aggregated results of the Beauty Care and Laundry & Home Care business units. The very strong organic sales increase of the Adhesive Technologies business unit in the first quarter was driven by all business areas. Note: Details on the amended reporting structure adopted as of Q1 2023 can be found on page 7. "Today we affirmed our guidance for 2023 and, based on the very strong organic sales development in the first quarter, we are looking at the current fiscal year with confidence." In the first quarter, we continued our pricing measures to further compensate for the headwinds from raw material and logistics costs," said Henkel CEO Carsten Knobel. The very strong sales increase in both business units underlines the strength of our portfolio of successful brands and innovative technologies. "We had a good start to the year - despite a continuously challenging market environment. In nominal terms, sales increased by 6.4 percent. The very strong organic sales growth of 6.6 percent was driven by double- digit pricing, while volumes were below the prior-year level.
Group sales increase organically by 6.6 percent to around 5.6 billion euros nominal 6.4 percent.Henkel delivers very strong organic sales growth in the first quarter
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