Henkel sees 3-5% growth in fiscal 2015
Play
HENKEL expects to generate organic sales growth of 3 to 5 per cent in the 2015 fiscal year. The company expects that its adhesive technologies and laundry and home-care business units will each generate organic sales growth within this range.
In its beauty-care business unit, Henkel expects growth of approximately 2 per cent.
Henkel anticipates stable development in the share of sales from emerging markets.
Compared to 2014, Henkel said it expects adjusted return on sales (EBIT) to rise to around 16 per cent and an increase in adjusted earnings per preferred shares of approximately 10 per cent.
Henkel operates worldwide with leading brands and technologies in the aforementioned areas.
Founded in 1876, Henkel holds global-leading consumer and industrial market positions with well-known brands such as Persil, Schwarzkopf and Loctite.
Henkel employs almost 50,000 people and reported sales of 16.4 billion euros (Bt572.5 billion) and adjusted operating profit of 2.6 billion euros in fiscal 2014.
Henkel’s preferred shares are listed on the German stock index DAX.
“2014 was a successful year for Henkel. In a challenging and very competitive market environment we achieved our financial targets and made very good progress in implementing our strategy 2016,” Henkel CEO Kasper Rorsted said.
“All three business units contributed with profitable organic growth to our good performance. The emerging markets were once again the main growth drivers for Henkel, with very strong organic sales growth of almost 8 per cent. But also in mature markets, organic sales were up slightly.”
Looking at the fiscal year 2015, Rorsted said economic situation remained challenging and volatile. Due to the conflict in Ukraine, it expects stagnation in Eastern Europe and pressure on Russia’s economy and currency. “We will continue to adapt our processes and structures, making us more flexible and efficient,” he said.
