By Adria Calatayud


Henkel raised its earnings guidance for 2024 thanks to first-half results that beat forecasts and to higher profit expectations for its consumer brands unit.

The German chemical and consumer-goods company, which owns brands including Persil and Schwarzkopf, said Wednesday that it expects adjusted earnings per share to grow by between 20% and 30% this year at constant exchange rates, up from its previous forecast of 15% to 25%.

Adjusted return on sales is now forecast at 13.5% to 14.5%, up from previous expectations of between 13% and 14%, the company said.

For the first half, Henkel's adjusted operating profit rose 28% to 1.61 billion euros ($1.75 billion) on sales that grew 2.9% organically to EUR10.81 billion, it said.

Earnings per share were EUR2.78, up 33% at constant currency.

Henkel shares at 1220 GMT traded 2.5% higher at EUR83.48.


Write to Adria Calatayud at adria.calatayud@wsj.com


(END) Dow Jones Newswires

07-17-24 0840ET