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Henkel sees first-quarter organic sales up 7%, above market view

Reuters
·1-min read
A logo of consumer goods group Henkel is pictured in Duesseldorf

BERLIN (Reuters) - Henkel, the German chemicals and consumer goods group, said on Wednesday it expected first-quarter sales to significantly exceed market expectations with organic growth of around 7%.

Its adhesive technologies unit was expected to achieve organic sales growth of around 12.5%, driven by a recovery in industrial demand. Beauty products are forecast to grow by 1% and laundry and home care by 3.5%.

Henkel issued the guidance update in a regulatory news release, as required under stock exchange rules when performance diverges from market expectations. It will provide detail in its quarterly results statement on May 6.

(Reporting by Douglas Busvine; Editing by Jan Harvey)