Advertisement
Singapore markets closed

  • Straits Times Index

    3,332.80
    -10.55 (-0.32%)
     

  • Nikkei

    39,583.08
    +241.54 (+0.61%)
     

  • Hang Seng

    17,718.61
    +2.14 (+0.01%)
     

  • FTSE 100

    8,164.12
    -15.56 (-0.19%)
     

  • Bitcoin USD

    61,602.15
    +645.54 (+1.06%)
     

  • CMC Crypto 200

    1,278.31
    -5.52 (-0.43%)
     

  • S&P 500

    5,460.48
    -22.39 (-0.41%)
     

  • Dow

    39,118.86
    -45.20 (-0.12%)
     

  • Nasdaq

    17,732.60
    -126.08 (-0.71%)
     

  • Gold

    2,336.90
    +0.30 (+0.01%)
     

  • Crude Oil

    81.46
    -0.28 (-0.34%)
     

  • 10-Yr Bond

    4.3430
    +0.0550 (+1.28%)
     

  • FTSE Bursa Malaysia

    1,590.09
    +5.15 (+0.32%)
     

  • Jakarta Composite Index

    7,063.58
    +95.63 (+1.37%)
     

  • PSE Index

    6,411.91
    +21.33 (+0.33%)
     

Germany's Henkel raises 2022 organic sales growth outlook

Reuters
·1-min read
Illustration shows Henkel logo

BERLIN (Reuters) - Germany's Henkel raised its 2022 outlook for organic sales based on strong sales growth in its adhesives unit, the company said on Tuesday.

The chemical and consumer goods company now expects organic sales growth of between 5.5% and 7.5% from a previous range of 4.5% to 6.5%, Henkel said on its Capital Markets Day.

The company had also raised its 2022 organic sales outlook in August on the back of a sales boost during the first half.

"In view of the continued strong sales growth in Adhesive Technologies, today we have updated the outlook for fiscal 2022 for both the Adhesive Technologies business unit and the Henkel Group," said Henkel Chief Executive Carsten Knobel.

ADVERTISEMENT

Sales targets for its cosmetics and detergents business remain unchanged.

Henkel is currently undergoing a restructuring, with Knobel merging the cosmetics business with the detergents division.

(Writing by Miranda Murray; Editing by Kim Coghill)