Adhesive manufacturer Henkel has reported organic growth of +7.7% to around €5 billion in Q1 2021. The company’s Adhesive Technologies business had growth of 13.0%, the company said.
‘With industrial demand recovering at a stronger rate than originally expected, we are optimistic about business development over the rest of the year, despite the continued uncertainty in our markets,’ said Henkel CEO Carsten Knobel. ‘The significant increase in sales in the first quarter was in particular driven by our Adhesive Technologies business unit, which saw a strong recovery across all business areas and regions, generating double-digit organic sales growth.’
The company says that it now expects higher growth in both sales and earnings for the full year with organic sales growth of 4 to 6% and an adjusted return on sales (EBIT margin) between 14 to 15%.
This story uses material from Henkel, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.