Henkel: stock edges up as results announced

(CercleFinance.com) - Henkel shares gained 1% in early trading in Frankfurt today, after the group published FY 2023 EPS of E4.
35, up 20% at constant exchange rates, with an EBIT margin of 11.9%, up 150bp.

The German operator of everyday consumer brands such as Le Chat, X-TRA and Loctite, posted sales of E21.5bn, up 4.2% organically, with price increases offsetting a decline in volumes.

A stable dividend of E1.85 per share will be proposed for 2023. For 2024, Henkel anticipates EPS growth of 5% to 20% (at constant exchange rates), an EBIT margin of 12% to 13.5%, and organic sales growth of 2% to 4%.


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