Germany’s Henkel raises 2024 outlook on strong Q1

German consumer goods company Henkel slightly raised its guidance for 2024 on Friday, saying strong performance in the first quarter had boosted its sales and earnings outlook.

The group raised its guidance for full-year organic sales growth, now expecting an increase of 2.5% to 4.5% compared with a previous target of 2.0% to 4.0%.

It now sees an adjusted return on sales (EBIT margin) in a range of 13.0% to 14.0%, having previously targeted 12.0% to 13.5%.

Quarterly sales came in at 5.3 billion euros ($5.69 billion), up 3% organically, according to preliminary figures.
The company said it would provide further details on sales development on May 8.