Henkel Financial Results Lead the News

Readers last week were most interested in Henkel’s announcement regarding its financial results for the third quarter (Henkel Continues on Growth Path with Strong Sales Increase in 2021 Third Quarter): “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.’”

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Top 5 News that Sticks for November 14-20

1. Henkel Continues on Growth Path with Strong Sales Increase in 2021 Third Quarter
2. Eastman to Sell Adhesives Resins Business to Synthomer
3. Dow Plans Program for Carbon-Neutral Silicones in Building Façades
4. Arxada and Troy Announce Merger
5. Sika to Acquire MBCC Group for $6 Billion

This weekly roundup highlights the adhesives, sealants, and coatings-related news stories that garnered the most attention during the previous week on our website, as well as our eNewsletters and social media channels.