Henkel Raises 2021 Sales Outlook After 1st Half Profit, Sales Rose
12 Agosto 2021 - 3:29AM
Dow Jones News
By Ed Frankl
Henkel AG & Co. on Thursday said first-half sales ticked up
as industrial demand rebounded, and raised its full-year sales
guidance.
The German chemicals and consumer-goods company posted
first-half earnings before interest and taxes of 1.30 billion euros
($1.53 billion) compared with EUR1.09 billion a year earlier.
The maker of Persil and Schwarzkopf said adjusted operating
profit rose to EUR1.43 billion from EUR1.19 billion a year
earlier.
Sales for the six months to the end of June were EUR9.93
billion. For the second quarter, organic sales growth was 15% at
EUR4.96 billion.
The company's industrial adhesive technologies unit achieved
strongest sales growth in 1H, though in Henkel's consumer-goods
business, sales were below the level of the prior-year period, the
company said.
Henkel raised its outlook for 2021 organic sales growth to
between 6% and 8% from previous guidance of 4%-6%.
The company said that despite it continuing to be affected by
the coronavirus, sales exceeded pre-pandemic levels of 2019
adjusted for currency effects. However, it said raw-material cost
inflation was an increasing headwind, and rising prices and
strained supply chains will weigh heavily on the economy for the
rest of the year.
Henkel also updated its 2021 EBIT-margin guidance to 13.5%-14.5%
from 14.0%-15.0% previously, and kept its earnings per share
outlook at an increase in the high single-digit to
mid-teen-percentage range at constant exchange rates.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
August 12, 2021 02:25 ET (06:25 GMT)
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