Düsseldorf, August 13 – German consumer goods giant Henkel reported a significant profit surge of over 80% in the first half of 2023. The company, known for brands like Persil and Schwarzkopf, confirmed its recently revised outlook for adjusted earnings for the full year and maintained its revenue forecast. The report was published by RTTNews.
Henkel posted a net profit of €1.03 billion for the first six months of the year, representing a year-on-year increase of 82.4%. Earnings per preferred share saw a sharp rise from €1.35 in the first half of 2022 to €2.46 per share in the same period of 2023. Adjusted earnings per preferred share increased from €2.13 to €2.78.
The results also showed a rise in adjusted earnings before interest and taxes (EBIT), which reached €1.61 billion, up 28.4% compared to the first half of 2022.
On the revenue side, Henkel recorded a slight decline of 1% in H1 2023, with total revenues of €10.81 billion, mainly due to the divestiture of assets in the Russian market. However, in the second quarter, Henkel’s revenues grew by 3.4% year-on-year to €5.50 billion.
Excluding Russian assets, the company achieved an organic revenue growth of 2.9% in H1, with a growth rate of 2.8% in the second quarter.
Henkel also confirmed its improved outlook for adjusted earnings per preferred share, revised in July. The company expects earnings growth, excluding currency effects, to be between 20% and 30%. Organic revenue growth is projected to range between 2.5% and 4.5%.
These results signal a positive outlook for Henkel, demonstrating the company’s ability to enhance profitability and sustain stable revenue growth despite challenges from geopolitical tensions and rising costs.
Tables: Key Financial Indicators for Henkel in H1 2023
Net Profit and Earnings per Preferred Share
| Indicator | H1 2023 | H1 2022 | Change (%) |
|---|---|---|---|
| Net Profit | €1.03 billion | €0.565 billion | +82.4% |
| Earnings per Preferred Share | €2.46/share | €1.35/share | +82.2% |
| Adjusted Earnings per Preferred Share | €2.78/share | €2.13/share | +30.5% |
Revenue and Adjusted EBIT
| Indicator | H1 2023 | H1 2022 | Change (%) |
|---|---|---|---|
| Total Revenue | €10.81 billion | €10.92 billion | -1% |
| Revenue for Q2 | €5.50 billion | €5.32 billion | +3.4% |
| Adjusted EBIT | €1.61 billion | €1.25 billion | +28.4% |
Full-Year 2023 Outlook
| Indicator | Full-Year 2023 Outlook |
|---|---|
| Adjusted Earnings per Preferred Share Growth | 20% to 30% |
| Organic Revenue Growth | 2.5% to 4.5% |
These tables provide a clear overview of Henkel’s financial performance and its projections for the rest of 2023.
