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Henkel’s Profit Surges Over 80% in H1 2023

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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

IndicatorH1 2023H1 2022Change (%)
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

IndicatorH1 2023H1 2022Change (%)
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

IndicatorFull-Year 2023 Outlook
Adjusted Earnings per Preferred Share Growth20% to 30%
Organic Revenue Growth2.5% to 4.5%

These tables provide a clear overview of Henkel’s financial performance and its projections for the rest of 2023.

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This article was written by the editorial team of Financeflashnews. We strive to provide you with accurate and up-to-date information from the world of finance and investment. If you find any errors in the article, please let us know at corrections@financeflashnews.com. Your feedback is valuable to us and will help us improve the quality of our content.

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