DUESSELDORF (dpa-AFX) - Germany-based household and personal products
business Henkel AG & Co. KGaA (HENOY) on Friday raised its sales and earnings
outlook for 2024. Expectations published at the beginning of March were raised
based on the very good business performance in the year to date and the
assumptions for the remainder of the year.

Adjusted earnings per preferred share is expected to increase in the range of 15
to 25 percent at constant exchange rates. The previous expectation was an
increase between 5 and 20 percent.

Organic sales growth is now expected between 2.5 and 4.5 percent versus the 2
percent to 4 percent range expected earlier. Expected growth in the Adhesive
Technologies segment has been reaffirmed between 2 and 4 percent. The guidance
for Consumer Brands has been increased to between 3 and 5 percent, from between
2 and 4 percent earlier.

Adjusted return on sales is expected between 13 and 14 percent versus the 12 to
13.5 percent range expected earlier.

Based on preliminary figures, Henkel's group sales in the first quarter stood at
around 5.3 billion euros, implying organic sales growth of 3 percent. While the
Adhesive Technologies business recorded sales of around 2.7 billion euros and
positive organic sales growth of 1.3 percent, the Consumer Brands business
achieved sales of 2.6 billion euros and organic sales growth of 5.2 percent.

The company would report further details on the sales development in the first
quarter on May 8.



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