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Henkel completes sale of Right Guard and Dry Idea brands

Henkel has closed the sale of two brands, Right Guard and Dry Idea, to Thriving Brands LLC, effective June 1, 2021. Both brands are mainly focused on the North American and UK markets. The transaction is another milestone in the company’s ambition to actively shape its portfolio, an important pillar of its Purposeful Growth agenda. Last year, Henkel announced that the company has identified brands and categories with a total sales volume of more than one billion euros, predominantly in its consumer businesses, of which around 50 percent are marked to be divested or discontinued by 2021.

Henkel reports strong start to fiscal 2021

• Group sales show significant organic growth of +7.7 percent to around 5 billion euros, nominal growth of +0.8 percent adversely affected by currency headwinds
• All business units report organic sales growth:
  • Adhesive Technologies with double-digit organic sales growth of +13.0 percent, nominal +6.7 percent
  • Beauty Care reports good organic sales growth of +2.3 percent, nominal -1.1 percent
  • Laundry & Home Care records very strong organic sales growth of +4.1 percent, nominal -5.6 percent
• Emerging markets with double-digit organic sales growth of +18.5 percent, mature markets grow +0.5 percent
• Henkel raises guidance for fiscal 2021:
  • Organic sales growth: +4.0 to +6.0 percent
  • EBIT margin*: 14.0 to 15.0 percent
  • Earnings per preferred share ‏(EPS)*: Increase in the high single-digit to mid-teens percentage range at constant exchange rates