THE WHAT? Henkel has announced a ‘significant’ uptick in sales and earnings for the first half of 2023 and, as a result, is upping its outlook for fiscal 2023. The manufacturer of Schwarzkopf is now forecasting sales of 2.5 percent to 4.5 percent for FY2023.
THE DETAILS The company’s Consumer Brands unit is expected to deliver sales growth of between 3 and 5 percent, up from the 1 to 3 percent announced previously.
In the first half, Group sales put on 4.9 percent, hitting €10.9 billion thanks to very strong growth in both business units. EBIT margin delivered a strong increase of +80 basis points to reach 11.5 percent and EPS soared 14.4 percent at constant exchange rates to €2.13.
THE WHY? Henkel CEO Carsten Knobel, reveals, “We achieved very strong growth in both business units. At the same time, we succeeded in significantly improving our earnings despite the continuing headwinds from high material and logistic prices. Following the strong performance in the first half of the year, we are confident for the remainder of the year and have significantly raised our full-year guidance for sales and earnings.”
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Skincare Products: Including cleansers, moisturizers, serums, and treatments targeting specific skin concerns such as acne, aging, hyperpigmentation, and sensitivity.
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Cosmetics: Makeup products such as foundations, concealers, eyeliners, lipsticks, and eyeshadows designed to enhance facial features and achieve desired looks.
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Hair Care Products: Shampoos, conditioners, styling products, and treatments to maintain and improve the health and appearance of hair.
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Dermatological Treatments: Prescription or over-the-counter treatments for medical conditions like acne, eczema, psoriasis, or rosacea.
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Aesthetic Devices: Equipment used for professional treatments including laser devices, microneedling pens, radiofrequency devices, and IPL (Intense Pulsed Light) machines.
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Nutritional Supplements: Supplements aimed at promoting skin health, hair growth, and overall well-being, often containing vitamins, minerals, and antioxidants.
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Home Use Beauty Devices: Devices like facial cleansing brushes, LED light therapy masks, and microcurrent devices designed for at-home skincare treatments.
