Dusseldorf, Germany – Sales in Henkel's adhesive technologies division, which includes polyurethanes grew by 4% in 2018.
Preliminary numbers show Henkel's adhesives up 4% on 2017
The company described the growth rate as 'very strong' in its 2018 preliminary financial report.
The full figures will be released on 21 February, however sales in 2018 were EUR 19.9bn down slightly on EUR 20bn in 2017. Currencies hit the numbers by EUR 1.1bn. On the other hand, organic sales growth, which excludes the impact of currencies and M&A was 2.4%.
'This good performance in a highly challenging and volatile market environment is testament to the strong commitment and dedication of our global team,' said Hans Van Bylen, Henkel CEO.
Looking ahead 2019 will be challenging with high market uncertainty and volatility. The company forecasts difficult currencies and commodities as well as an overall fall in economic and industrial growth. It is planning for 2-4% organic sales growth.