Henkel expects strong start into fiscal 2021
Published on :Thursday, April 1, 2021
Despite the continued challenging economic environment as a result of the COVID-19 crisis, Henkel expects a very strong organic sales growth in the first quarter of 2021. According to preliminary figures, Henkel expects for the first quarter organic sales growth (excluding the impact of currency effects and acquisitions/divestments) of around 7 percent, significantly above current market expectations of around 3.5 percent.
“Despite the ongoing COVID-19 pandemic we expect that Henkel will report a very good performance in the first quarter of the year, in particular driven by the Adhesive Technologies business unit,” said Henkel CEO Carsten Knobel.
Against the background of the recovery in industrial demand in the first quarter and based on preliminary figures, the Adhesive Technologies business unit is expected to achieve an organic sales growth of around 12.5 percent.
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