Henkel posts very strong sales growth in the third quarter

• Group sales increased by 11.0 percent to 5.7 billion euros, organically +6.5 percent
• Adhesive Technologies: significant organic sales growth of 7.9 percent with strong price and positive volume developments
• Consumer Brands: very strong organic sales growth of 4.8 percent with significantly positive price and volume developments
• Organic sales growth driven by all regions
• All five acquisitions announced in 2026 successfully closed:
  • Expansion into two adjacent businesses in Adhesive Technologies
  • Strengthening of Hair business area in the Consumer Brands business unit
• Outlook for fiscal 2026 updated:
  • Organic sales growth: 3.0 to 4.0 percent ‏(previously: 1.5 to 3.5 percent)
  • Adjusted return on sales: around 15 percent ‏(previously: 14.5 to 16.0 percent)
  • Adjusted earnings per preferred share ‏(EPS): mid-single-digit percentage increase at constant exchange rates ‏(previously: low to high single-digit percentage increase at constant exchange rates)

Despite a persistently challenging market environment, Henkel delivered very strong sales growth in the third quarter of 2026, generating Group sales of around 5.7 billion euros. This corresponds to an organic growth rate of 6.5 percent. Growth was driven by positive price and volume developments in both business units. Henkel had already published its preliminary figures for the third quarter and an updated full-year outlook at the end of October, raising its sales expectations and narrowing its earnings guidance.

“Our organic sales growth significantly accelerated in the third quarter, driven by very strong performance in both business units. It is particularly encouraging that we continue to see positive price and volume developments, with volumes increasing for the fifth consecutive quarter. The successful business performance in the third quarter underscores the strength of our business and the consistent execution of our growth agenda,” said Carsten Knobel, CEO of Henkel.

“At the same time, we continue to advance the strategic development of our portfolio with a clear and consistent focus. All five acquisitions announced in the course of this year have now been successfully completed. With our most recent acquisitions, we are strengthening our core business, expanding into attractive new business areas and creating additional growth opportunities for both business units: In Adhesive Technologies, we have expanded our portfolio with high-performance water-based specialty tapes as well as specialty coatings for flexible materials. In Consumer Brands, we have strengthened our global Hair business across both the Consumer and Professional segments.

Our recent acquisitions together represent sales of around 1.6 billion euros. In the coming years, we expect them to deliver above-average growth in the mid-to-high single-digit percentage range and to reach annual sales of around 2 billion euros by 2030. This will further strengthen our growth agenda,” Carsten Knobel continued.

“With our updated outlook for 2026, we are underscoring our ambition to deliver sustainable and profitable growth. We now expect stronger organic sales growth, while narrowing our earnings guidance to reflect the higher increase in raw material costs, particularly in Adhesive Technologies.”

The Adhesive Technologies business unit generated significant organic sales growth in the third quarter, supported by all business areas. In the Consumer Brands business unit, very strong organic sales growth was driven by both the Laundry & Home Care and Hair business areas.

Group sales performance

Group sales registered double-digit nominal growth in the third quarter of 2026, increasing by 11.0 percent to 5,713 million euros. Effects from acquisitions/divestments increased sales by 4.4 percent. Foreign exchange rate effects had a neutral impact on sales. Organically (i.e. adjusted for foreign exchange and acquisitions/divestments), sales increased by 6.5 percent. This growth was driven by positive price and volume developments at Group level.

Over the first nine months of 2026, sales totaled 16,061 million euros. This is equivalent to a nominal increase of 3.3 percent. Organically, Henkel generated very strong sales growth of 4.3 percent, likewise driven by positive price and volume developments.

All regions contributed to the very strong organic sales growth achieved in the third quarter. The IMEA and Asia-Pacific regions posted double-digit and significant organic sales growth respectively. The Europe, North America and Latin America regions also recorded organic sales growth compared to the prior-year quarter.

Almost all regions contributed to Henkel’s very strong organic sales growth in the first nine months of 2026. The IMEA and Asia-Pacific regions saw the strongest organic sales growth. By contrast, Europe experienced a slight overall decline in organic sales growth compared to the same period of the previous year.

Sales performance Adhesive Technologies

In the third quarter of 2026, the Adhesive Technologies business unit generated sales of 3,027 million euros. This represents a nominal increase of 11.8 percent compared to the prior-year quarter. Organically (i.e. adjusted for foreign exchange and acquisitions/ divestments), sales increased by 7.9 percent. This growth was driven primarily by strong price developments alongside positive volume developments. Foreign exchange effects increased sales by 1.1 percent. Acquisitions/divestments also had a positive impact of 2.7 percent.

In the first nine months of 2026, the Adhesive Technologies business unit posted nominal sales growth of 5.4 percent to 8,561 million euros. Organically, Adhesive Technologies achieved very strong sales growth of 5.7 percent.

The significant organic sales growth of the Adhesive Technologies business unit in the third quarter was particularly driven by the Mobility & Electronics and the Packaging & Consumer Goods business areas. The Mobility & Electronics business area posted double-digit organic sales growth of 12.1 percent. The Electronics and Industrial businesses both posted double-digit growth rates. Despite the market environment remaining subdued, sales in the Automotive business developed very strongly overall. The Packaging & Consumer Goods business area saw significant organic sales growth of 9.8 percent, supported by both businesses. The Craftsmen, Construction & Professional business area achieved organic sales growth of 2.1 percent with a strong contribution from the General Manufacturing & Maintenance business. The Consumer & Construction business posted overall positive sales growth.

From a regional perspective, the Adhesive Technologies business unit recorded strong organic sales growth in Europe in the third quarter, driven by double-digit organic sales growth in the Mobility & Electronics business area and very strong sales growth in the Packaging & Consumer Goods business area. North America generated very strong organic sales growth, to which all business areas contributed. In the IMEA region, Adhesive Technologies achieved double-digit organic sales growth, with all three business areas contributing double-digit growth rates. The Latin America region recorded strong organic sales growth, driven by the Mobility & Electronics and Packaging & Consumer Goods business areas. The Asia-Pacific region recorded double-digit organic sales growth, due in particular to a double-digit increase in the Electronics and Industrial businesses.

Sales performance Consumer Brands

Sales in the Consumer Brands business unit increased nominally year-on-year by 10.1 percent in the third quarter of 2026, reaching 2,643 million euros. Organically (i.e. adjusted for foreign exchange and acquisitions/divestments), the business unit achieved very strong sales growth of 4.8 percent. This growth was driven by positive price and volume developments. Foreign exchange effects reduced sales by -1.2 percent. Acquisitions/ divestments – particularly the recent acquisitions of OLAPLEX and “Not your Mother’s” – made a positive contribution to sales of 6.4 percent.

In the first nine months of 2026, sales generated by the Consumer Brands business unit amounted to 7,376 million euros, a nominal increase of 0.9 percent compared to the prior-year quarter. In organic terms, sales registered good growth of 2.8 percent, driven by positive price and volume developments.

In the third quarter, the Laundry & Home Care business area generated very strong organic sales growth of 6.0 percent, with the Laundry Care business recording a very strong sales performance overall, driven in particular by strong growth in the Fabric Cleaning category and significant sales growth in the Fabric Care category. The Home Care business even posted double-digit organic sales growth, thanks in particular to the Hand Dishwashing category.

The Hair business area achieved strong organic sales growth of 4.0 percent. The Consumer business generated strong organic sales growth, supported in particular by the Care and Color categories. The Professional business achieved very strong sales growth.

The Other Consumer Businesses business area recorded a decline in organic sales of -1.2 percent, primarily attributable to the Body Care business in Europe.

From a regional perspective, the Consumer Brands business unit recorded positive organic sales growth in the Europe region in the third quarter, with both the Laundry & Home Care and Hair business areas generating good organic sales growth. The North America region also generated positive organic sales growth, thanks in particular to the Hair business area. The IMEA region generated double-digit organic sales growth, driven by double-digit growth rates in both the Laundry & Home Care and Hair business areas. The Latin America region posted very strong organic sales growth, primarily driven by the Laundry & Home Care business area. By contrast, the Asia-Pacific region came in slightly below the prior-year. While the Hair business area achieved positive organic sales growth, the performance of the Laundry & Home Care business area was below the level of the previous year.

Net assets and financial position of the Group

No substantial changes to the net assets and financial position of the Group occurred in the period under review compared to the situation as at June 30, 2026.

Outlook for the Henkel Group

Based on the strong business performance in the third quarter and assumptions for the remainder of the year, Henkel updated its guidance for sales and earnings development for fiscal 2026 on October 29, 2026.

For the current year, Henkel expects organic sales growth of 3.0 to 4.0 percent for the Group (previously: 1.5 to 3.5 percent). For the Adhesive Technologies business unit, organic sales growth in the range of 4.5 to 5.5 percent is expected (previously: 2.0 to 4.0 percent). For the Consumer Brands business unit, an increase of 1.5 to 2.5 percent is anticipated (previously: 0.5 to 2.5 percent).

Adjusted return on sales (adjusted EBIT margin) at Group level is expected to be around 15 percent (previously: 14.5 to 16.0 percent). For Adhesive Technologies, adjusted return on sales is anticipated to be around 16.5 percent (previously: 16.5 to 18.0 percent) and for Consumer Brands around 15 percent (previously: 14.0 to 15.5 percent).

For adjusted earnings per preferred share (EPS), a mid-single-digit percentage increase at constant exchange rates is expected (previously: low to high single-digit percentage increase at constant exchange rates).

Furthermore, we have the following expectations for 2026:

• Acquisitions/divestments: positive effect in the low single-digit percentage range
• Translation of sales in foreign currencies: negative impact in the low single-digit percentage range.
• Prices for direct materials: increase of around 10 percent compared to the previous year’s average¹ (previously: high single-digit percentage increase compared to the previous year’s average¹)
• Restructuring expenses: 200 to 250 million euros (previously: 150 to 200 million euros)
• Cash outflows from investments in property, plant and equipment and intangible assets: 650 to 750 million euros

¹ _{Gross price development, i.e., before countermeasures.}

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