Henkel : Organic growth of 6.6% in Q1 with -5.2% in volumes
>Q1 sales up +6.4% of which +6.6% organic - Henkel reported Q1 sales of € 5,609m, up +6.4% with organic growth of +6.6%, a forex impact of +0.9% and an M&A effect of -1.1%.By division, organic growth stood at +6.1% for adhesives and +7.3% for consumer. Management announced that the exit from Russia is now complete and was confident on the 2023 targets, for which the range remains very wide: organic growth of +1-3% and an underlying operating margin at 10-12%...Henkel business comprised of Laundry & Home Care, Beauty Care, and Adhesive Technologies. Co.'s Laundry & Home Care business unit include laundry and home care Branded Consumer Goods business. The Laundry Care business includes heavy-duty and specialty detergents, fabric softeners, laundry performance enhancers, and other fabric care products. Co.'s Beauty Care business unit is active in the Branded Consumer Goods business with Hair Cosmetics, Body Care, Skin Care, Oral Care, and professional Hair Salon business. Co.'s Adhesive Technologies business unit provides solutions with adhesives, sealants and functional coatings in two business areas: Industry; and Consumer, Craftsmen and Building.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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