On Tuesday, Henkel & Co increased its full-year sales guidance, citing strong performance in its adhesive technologies division. Henkel, the chemicals and consumer goods company, has said it now expects organic sales to rise by 5.5 per cent to 7.5 per cent in 2022, up from the prior outlook of 4.5 per cent to 6.5 per cent.
Reportedly, organic sales are also seen expanding by 10 per cent to 12 per cent at its adhesive technologies unit. The unit provides coatings and sealants to households and businesses.

The company’s Chief Executive Officer (CEO) Carsten Knobel said that the group is working to pare down the recent spike in raw materials, energy costs, logistics, and income. The company left its expectation for adjusted earnings before interest and tax margin unchanged at 9 per cent to 11 per cent, adding that adjusted earnings per share would also fall between 35 per cent and 15 per cent.

Founded in 1876, Henkel is a German multinational chemical and consumer goods company. Headquartered in Düsseldorf, its business is organised into three globally operating business units- Laundry & Home Care, Adhesive Technologies, and Beauty Care. It is mainly known for brands such as Loctite, Persil, and Purex.