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
- Henkel Continues on Growth Path with Strong Sales Increase in 2021 Third Quarter
- Eastman to Sell Adhesives Resins Business to Synthomer
- Dow Plans Program for Carbon-Neutral Silicones in Building Façades
- Arxada and Troy Announce Merger
- 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.