Henkel Continues on Growth Path with Strong Sales Increase in 2021 Third Quarter
The strong sales growth in the third quarter was driven predominantly by the Adhesive Technologies business unit.
In the third quarter of 2021, Henkel reports that it continued on its growth path and achieved total sales of around €5.1 billion (approximately $5.9 billion). This corresponds to organic sales growth of 3.5%, driven in particular by positive pricing in all business units. The stable volume development was characterized by a normalization of demand in consumer businesses and by the ongoing recovery in industrial production. In nominal terms, sales increased by 1.9%.
"The effects of the global corona crisis, the extremely tense situation on raw material markets and disruptions in global supply chains continued to have a strong impact on our market environment in the third quarter," said Carsten Knobel, CEO. "Nevertheless, Henkel achieved a good business performance. Comparing this development to the pre-crisis level in the third quarter of 2019, we achieved an average annual organic growth rate of +3.7 percent. All business units exceeded the respective pre-crisis level.