Henkel: raises dividend and share buybacks
(CercleFinance.com) - On the publication of its annual results, Henkel announces a 10.
3% increase in its dividend to E2.04 per preference share, as well as a new share buyback programme of up to E1bn.
For 2024, the German consumer goods group has posted EPS of E5.36 (+25.1% at constant exchange rates), as well as an EBIT margin that improved 2.4 points to 14.3%, on sales of E21.6bn, with organic growth of 2.6%.
The very good commercial results for 2024 demonstrate the successful implementation of our growth program, said Carsten Knobel, CEO of the parent company of well-known brands such as Le Chat, Mir and Loctite.
For the current year, Henkel is targeting EPS growth in the low to high single-digit percentage range (at constant exchange rates), an EBIT margin of 14% to 15.5% and organic sales growth of 1.5% to 3.5%.
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