On Friday, Henkel reported better-than-expected first-quarter results and raised its full-year forecasts, thanks in part to strong performances by its adhesives and hair care products.

The German manufacturer of fast-moving consumer goods said it generated sales of around 5.3 billion euros in the first three months of the year, representing organic growth of 3%.

The group said its adhesives division posted "record" sales of 2.7 billion euros, representing organic growth of 1.3%.

The Consumer Products Division posted organic growth of 5.2%, with sales of 2.6 billion euros.

Henkel is now targeting organic sales growth of 2.5% to 4.5% this year, compared with a previous forecast of 2% to 4%.

Its adjusted margin is now expected to be between 13% and 14%, instead of between 12% and 13.5%.

"Clearly, profitability is recovering well", said analysts at RBC.

These announcements sent the share price up by more than 7% on the Frankfurt Stock Exchange, by far the biggest gainer on the DAX index of Germany's 40 biggest stocks, which was up by 0.3% at this stage. The share price thus returned to an almost one-year high.

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