Aerospace Adhesives Represent a Bright Spot for Henkel in Challenging 2019 Second Quarter
Henkel’s Adhesive Technologies business unit reported a slightly negative organic development in the second half of 2019, with sales down 1.2% to €2.4 billion (~ $2.7 billion).
Henkel recently announced its financial results for the second quarter and first half of 2019. In the second quarter, Henkel reports that it was affected by an increasingly difficult market environment. Sales were nominally and organically almost on the prior-year level. For the first half of 2019, Henkel achieved a slightly positive organic sales development, while margin decreased—in line with expectations following the announcement of increased growth investments at the beginning of the year.
“The development in the second quarter was mainly characterized by a significant decline in demand in key industries such as the automotive industry,” said Hans Van Bylen, CEO. “This particularly affected our industrial business. Nevertheless, our Adhesive Technologies business delivered a robust performance, achieving sales almost on prior-year level and an excellent EBIT-margin.”