Together against Corona

Henkel reports robust Q1 sales performance in very challenging market conditions

• Group sales impacted by COVID-19 pandemic: nominal -0.8%, organic -0.9%
• Adhesive Technologies sales decrease in sharply declining industrial business environment: nominal -4.3%, organic -4.1%
• Beauty Care sales lower due to significantly negative Hair Salon business: nominal -2.6%, organic -3.9%
• Laundry & Home Care posts very strong increase in sales: nominal 5.3%, organic 5.5%
• Differentiated regional sales development: emerging markets 2.2%, mature markets -2.8%

Henkel withdraws forecast for fiscal 2020

As the dynamic development of the COVID-19 pandemic impacts the global economy, a reliable and realistic evaluation of the future business performance of Henkel is currently not possible. As a consequence, the Management Board of Henkel AG & Co. KGaA has decided today that the forecast for fiscal 2020 published in the Annual Report 2019 will no longer be upheld.

Henkel launches growth agenda

• Setting future direction with new strategic framework
  • Rigorously shape a winning portfolio
  • Accelerate impactful innovations with increased investments
  • Boost sustainability based on strong track record with ambitious targets
  • Transform Digital into a customer and consumer value creator
  • Reshape operating models to be lean, fast and simple
  • Strengthen collaborative culture with empowered people
• Growth agenda underpinned by mid- to long-term financial ambition
  • Organic sales growth of 2 – 4%
  • Adjusted* earnings per preferred share growth in mid- to high single-digit percentage range, at constant exchange rates
  • Focus on free cash flow expansion