The German Henkel reduces its profit by 52.5% in the first half, to 447 million

MADRID, 15 Ago. (EUROPA PRESS) -

The German manufacturer of consumer and beauty products Henkel, owner of brands such as Loctite or Schwarzkopf, achieved a net attributable profit of 447 million euros in the first half of 2022, which represents a decline of 52.5% compared to the result recorded by the multinational in the same period of the previous year after the abandonment of operations in Russia and Belarus, in addition to the difficulties posed by the increase in the prices of basic products.

Henkel's sales between January and June totaled 10,913 million euros, 9.9% above the figure billed a year earlier, while in organic data the increase was 8.9%, thanks to the boost in the adhesives business , whose income increased by 15%, to 5,467 million.

On its side, the sales of the beauty business totaled 1,842 million euros, 0.2% more than in the first half of 2021, while the turnover of the home segment increased by 6.7% year-on-year, to 3,494 million.

"In a very challenging environment, sales performance in the first six months exceeded previous expectations for the full year, while earnings developed in line with guidance for fiscal 2022," said Carsten Knobel, director Henkel delegate.

"As expected, our results were mostly impacted by the sharp increase in raw material and logistics costs. This is also reflected in our updated outlook for fiscal 2022," it added.

In this way, the multinational now anticipates an organic growth of its sales of between 4.5% and 6.5%, when before it expected an increase of between 3.5% and 5.5%, including a growth between 8% and 10% of the sales of the adhesives business, while the beauty area will reduce its income by between 3% and 1%, when a drop of between 5% and 3% was previously expected .

For adjusted gross operating profit, Henkel maintains its forecast of a 9% to 11% range and continues to anticipate a 35% to 15% decline in adjusted earnings per share.