Henkel had more than a nice start to the year with higher sales prices kicking in. Unexpectedly, newly-created Consumer Brands reported very strong organic growth from inception. The group’s organic growth came from higher prices.
All in all, management could not dampen our concerns regarding potential margin pressure, but sales were ahead of our expectations.

04 May 2023
Consensus-beating start

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Consensus-beating start
Henkel AG & Co. KGaA Pref (HEN3:ETR) | 0 0 0.0%
- Published:
04 May 2023 -
Author:
Martin Schnee -
Pages:
3 -
Henkel had more than a nice start to the year with higher sales prices kicking in. Unexpectedly, newly-created Consumer Brands reported very strong organic growth from inception. The group’s organic growth came from higher prices.
All in all, management could not dampen our concerns regarding potential margin pressure, but sales were ahead of our expectations.