Higher prices and volume growth drive sales increase at Henkel in 2024

Düsseldorf, Germany – Henkel has reported sales of €21.6bn in 2024, representing a nominal increase of 0.3% on the €21.5bn achieved a year earlier. When adjusted for acquisitions, divestments and currency effects, the company said, organic growth was 2.6%, driven by higher prices and volume growth. A significant proportion of this relates to the disposal of its Russian business activities in 2023.

Nominal EBIT was up 40.8%, from €2.01m in 2023 to €2.83m last year. On an organic basis, the increase was 20.9%, taking the figure to €3.09bn from 2023’s €2.56bn.

In its adhesive technologies business unit, sales were up by 2.4% on an organic basis, and on a nominal basis rose by 1.7% from €10.8m to €11.0m in 2024. Nominal EBIT for the unit was up 20.5%, rising from €1.42m in 2023 to €1.71m last year. On an organic basis, the EBIT figure was €1.81m, a 14.7% increase from the €1.58m reported last year.

Sales growth in the unit was driven by a strong volume development in the second half of the year, it said, largely because of increased demand in some of its key markets. Prices remained flat.

“Fiscal 2024 was once again marked by major challenges and many economic uncertainties,” said CEO Carsten Knobel. “Nevertheless, we have consistently advanced Henkel over the past year and reached or even exceeded important milestones. Above all, the very good business results for 2024 demonstrate the successful implementation of our purposeful growth agenda.”

The company said that global economic output is expected to be moderate in 2025, after moderate growth momentum in 2024, and the macroeconomic and geopolitical environment is expected to remain high. Organic sales growth between 1.5% and 3.5% is expected in 2025, it said, and between 2.0% and 4.0% in its adhesive technologies business. The start of the year is expected to be slower, with growth accelerating during the year.

“The results of the past year are clear evidence that Henkel’s transformation is progressing successfully and that, with our strategic agenda for purposeful growth, we are on the right path to best position the company for the future,” Carsten Knobel said. “This is also reflected in the outlook for fiscal 2025, in which we expect further sales and earnings growth despite a business environment that remains challenging.”

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