Henkel AG & Co. KGaA: Henkel raises sales and earnings outlook for 2024

EQS-Ad-hoc: Henkel AG & Co. KGaA / Key word(s): Change in Forecast/Quarter
Results
Henkel AG & Co. KGaA: Henkel raises sales and earnings outlook for 2024

03-May-2024 / 09:48 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Düsseldorf, 2024-05-03T09:15+02:00 (CEST)

Henkel raises sales and earnings outlook for 2024

Düsseldorf - Based on the very good business performance in the year to date
and the assumptions for the remainder of the year, the Management Board of
Henkel AG & Co. KGaA today decided to raise the outlook for the current
financial year, which was published at the beginning of March.

Expectations for both Henkel's sales and earnings performance were raised:

  * Organic sales growth: 2.5 to 4.5 percent (previously: 2.0 to 4.0
    percent)

* Adhesive Technologies: 2.0 to 4.0 percent (unchanged)

* Consumer Brands: 3.0 to 5.0 percent (previously: 2.0 to 4.0 percent)

  * Adjusted return on sales: 13.0 to 14.0 percent (previously: 12.0 to 13.5
    percent)

      * Adhesive Technologies: 16.0 to 17.0 percent (previously: 15.0 to
        16.5 percent)

      * Consumer Brands: 12.0 to 13.0 percent (previously: 11.0 to 12.5
        percent)

  * Adjusted earnings per preferred share (EPS): Increase in the range of
    +15.0 to +25.0 percent at constant exchange rates (previously: +5.0 to
    +20.0 percent)

Henkel has also updated its expectations regarding the effects of
acquisitions/divestments as well as currencies on sales. The most recent
acquisitions - Seal for Life Industries and Vidal Sassoon in China - were
closed faster than anticipated, thus contributing earlier to sales and
earnings development.

  * Acquisitions/Divestments: neutral impact on nominal sales growth
    (previously: negative impact in the low single-digit percentage range)

  * Translation of sales in foreign currencies: negative impact in the low
    to mid-single-digit percentage range
    (previously: negative impact in the mid-single-digit percentage range)

The following expectations for 2024 remain unchanged:

* Prices for direct materials: flat development1

* Restructuring expenses of 250 to 300 million euros

  * Cash outflows from investments in property, plant and equipment and
    intangible assets of between 650 and 750 million euros

1 Compared to the previous year's average

Organic sales development in the first quarter 2024

Based on preliminary figures, Henkel generated Group sales of around 5.3
billion euros in the first quarter of 2024, achieving strong organic sales
growth of 3.0 percent. The Adhesive Technologies business unit recorded
sales of around 2.7 billion euros and positive organic sales growth of 1.3
percent. The Consumer Brands business unit achieved sales of 2.6 billion
euros and very strong organic sales growth of 5.2 percent.

Henkel will report further details on the sales development in the first
quarter on May 8, 2024.

Henkel AG & Co. KGaA

Further information regarding financial instruments issued by Henkel

   Company:     Henkel AG & Co. KGaA
   Contact:     Heinz Nicolas Department: CLC / Telephone: +49 211 797
                4516 Email: (1)heinz.nicolas@henkel.com  1.
                mailto:heinz.nicolas@henkel.com
   Address:     40191 Düsseldorf, Deutschland
   Henkel       ISIN DE0006048432 // WKN 604843
   Preferred
   Share:
   Henkel       ISIN DE0006048408 // WKN 604840
   Ordinary
   Share:
   Listing:     Regulated market (Prime Standard), all eight German Stock
                Exchanges

For further financial instruments see www.henkel.com/ir

Disclaimer

This information contains forward-looking statements which are based on the
current estimates and assumptions made by the corporate management of Henkel
AG Co. KGaA. Forward-looking statements are characterized by the use of
words such as expect, intend, plan, predict, assume, believe, estimate,
anticipate, etc. Such statements are not to be understood as in any way
guaranteeing that those expectations will turn out to be accurate. Future
performance and the results actually achieved by Henkel AG Co. KGaA and its
affiliated companies depend on a number of risks and uncertainties and may
therefore differ materially from the forward- looking statements. Many of
these factors are outside Henkel's control and cannot be accurately
estimated in advance, such as the future economic environment and the
actions of competitors and others involved in the marketplace. Henkel
neither plans nor undertakes to update any forward-looking statements.

This information includes - in the applicable financial reporting framework
not clearly defined - supplement financials measures that are or may be
alternative performance measures (non-GAAP-measures). These supplement
financials measures should not be viewed in isolation or as alternatives to
measures of Henkel's net assets and financial positions or results of
operations as presented in accordance with applicable financial reporting
framework in its Consolidated Financial Statements. Other companies that
report or describe similarly titled alternative performance measures may
calculate them differently. Explanations of financial measures used can be
found in the Annual Report of Henkel (available at
https://www.henkel.com/investors-and-analysts/financial-reports/annual-reports),
in particular in the Combined Management Report.

This document has been issued for information purposes only and is not
intended to constitute an investment advice or an offer to sell, or a
solicitation of an offer to buy, any securities.


End of Inside Information

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03-May-2024 CET/CEST The EQS Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
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   Language:       English
   Company:        Henkel AG & Co. KGaA
                   Henkel Str. 67
                   40191 Düsseldorf
                   Germany
   Phone:          +49 (0)211 797-0
   Fax:            +49 (0)211 798-4008
   E-mail:         press@henkel.com
   Internet:       www.henkel.de
   ISIN:           DE0006048432, DE0006048408
   WKN:            604843, 604840
   Indices:        DAX
   Listed:         Regulated Market in Berlin, Dusseldorf, Frankfurt
                   (Prime Standard), Hamburg, Hanover, Munich, Stuttgart;
                   Regulated Unofficial Market in Tradegate Exchange
   EQS News ID:    1894681

End of Announcement EQS News Service
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1894681 03-May-2024 CET/CEST