Henkel has released its 2022 financial results. According to the company, group sales reached €22,397 million during the fiscal year. This corresponds to a growth of 11.6% and to an organic sales growth of 8.8%, driven by price increases across all business units. The impact of acquisitions and divestments on sales was slightly negative at -1.1%. Currency effects had a positive impact of 3.9% on sales.
The adhesive technologies business unit achieved sales growth of 13.2%, to which all business areas contributed. In fiscal 2022, sales of the adhesive technologies business unit increased by 16.6% to €11,242 million. Organically, sales grew by 13.2%. This sales growth was driven by a double-digit development in price. Adjusted operating profit was slightly lower year on year at €1,530 million (2021: €1,561 million). Adjusted return on sales reached 13.6%, compared to 16.2% in the prior year. This was due mainly to a declining gross margin adversely affected by the substantial price increase for direct materials.
“In 2022, we achieved significant sales growth and a robust earnings performance in a very challenging year – and we implemented important strategic measures. We succeeded in partially compensating the dramatic rise in raw material and logistics costs through higher prices and continued efficiency improvements,” said Henkel CEO Carsten Knobel. “This is reflected in our sales, which reached a new high of around €22.4 billion, and an operating profit of €2.3 billion. Based on that, we are proposing to our shareholders a stable dividend at prior-year level. By merging our consumer businesses into the consumer brands business unit, we have also successfully launched one of the biggest transformations of our company in recent decades.”
For more information, visit: https://www.henkel-northamerica.com/.