Schwarzkopf haircare range maker Henkel saw its group sales increase organically by 6.6 per cent during the first quarter of 2023, majorly driven by a 12.0 per cent increase in prices but offset by a 5.4 per cent decline in volumes.
Reports show that organic sales rose 7.0 per cent to €2.77bn whilst volumes slipped 5.7 per cent. The laundry and home care segment of this unit generated organic sales growth of 6.3 per cent, with laundry care boosted by a good performance in the fabric cleaning category and a double-digit increase in the fabric care category.
The home care business was driven by a double-digit sales increase in the dishwashing category. Organic sales growth in the hair business area was 9.9 per cent while in the adhesive technologies, sales were up 6.8 per cent to €2.79bn, but volumes fell 4.6 per cent.
CEO Carsten Knobel commented: “We had a good start to the year – despite a continuously challenging market environment. The very strong sales increase in both business units underlines the strength of our portfolio of successful brands and innovative technologies. In the first quarter, we continued our pricing measures to further compensate for the headwinds from raw material and logistics costs.”
For the full year, Henkel has forecast organic sales growth in the range of 1-3 per cent for both business units.
“Today, we affirmed our guidance for 2023, and, based on the very strong organic sales development in the first quarter, we are looking at the current fiscal year with confidence,” Knobel concluded.
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