Henkel today published its preliminary figures for the first half of 2024. Sales amounted to 10,813 million euros. This corresponds to good organic sales growth of 2.9 percent. In particular, the adjusted return on sales and adjusted earnings per share exceeded market expectations: The adjusted return on sales (adjusted EBIT margin) rose to 14.9 percent (previous year: 11.5 percent). Adjusted earnings per preferred share amounted to 2.78 euros in the first half of 2024. 

The Consumer Brands business unit generated sales of 5,266 million euros in the first six months of 2024. Organicsales growth amounted to 4.3 percent. This development was driven by a price component of +5.1 percent. Primarily due to continued portfolio optimization measures, volume development was negative at -0.9 percent. However, it showed a sequential improvement compared to the first quarter of 2024. The adjusted operating profit amounted to 753 million euros and was therefore 34.7 percent higher than in the same period of the previous year. The adjusted return on sales increased significantly by 390 basis points to 14.3 percent.

Henkel India plant expands production

Henkel Adhesive Technologies India (Henkel India) has announced the completion of the third phase of the Henkel Adhesive Technologies India Pte LTD (Henkel India) plant at Kurkumbh near Pune - the Loctite plant, which is currently Henkel's largest plant in India. The Kurkumbh manufacturing facility was commissioned in 2020 to meet the growing demand of Indian industry for high-performance solutions for adhesives, sealants and surface treatment products.

With the rapid development of industrial manufacturing, construction, new energy vehicles, electronic products and packaging industries, the demand for adhesive materials continues to rise, and the overall scale of the global adhesive market has shown a steady increase year by year in recent years. In 2023, the global adhesive market size is 64.5 billion US dollars. It is expected that by 2028, the adhesive market size will further climb to $90 billion.