Henkel recently announced that, in the fiscal year 2017, sales exceeded €20 billion (approximately $24.6 billion) for the first time and increased by 7% to €20.029 billion (~ $24.5 billion). The adhesive technologies business unit delivered very strong organic sales growth of 5%.
“2017 was a successful year for Henkel,” said Henkel CEO Hans Van Bylen. “Despite challenging and volatile market conditions, we reached new record levels in sales and earnings and achieved our financial targets for the year. This strong performance was driven by our engaged and passionate global team. For the first time, we exceeded annual sales of €20 billion (~ $24.6 billion). We also achieved record margins and new highs in earnings per share, in line with our commitment to deliver sustainable profitable growth.”
For 2018, Henkel reportedly expects to generate organic sales growth of 2-4% with each business unit in this range. For adjusted return on sales (EBIT), Henkel reportedly anticipates an increase to more than 17.5% with all three business units contributing. Reflecting the uncertainties in the currency markets, especially the U.S. dollar trend, the company expects an increase in adjusted earnings per preferred share in euro of 5-8%.
Top 5 News that Sticks for March 4-10
1. Henkel 2017 Sales Grow 7%
2. Voorhees Appointed Rust-Oleum CEO
3. Dow Continues Partnership with Aston Martin
4. Arkema Expands Palmer Holland Agreement
5. H.B. Fuller Announces Integration Related Restructuring Charges
