Henkel reported a modest 0.24% year-on-year increase in operating profit (EBIT) in the second half of 2025 but lowered its full-year organic sales growth target.
Group sales in the first half of 2025 fell 3.8% to €10,402 million. After adjusting for foreign exchange effects and portfolio changes, sales slipped just 0.1% year-on-year, while second-half sales edged up 0.9%. The improvement was driven by positive price development in both Adhesive Technologies and Consumer Brands.
Sales in the Adhesive Technologies division rose organically by 1.2% in H1 (Q2: +1.3%), supported by balanced gains in both price and volume. Nominal sales reached €5,416 million, down 1.1% from the prior year. In Q2, Adhesive sales totalled €2,701 million, compared with €2,798 million in Q2 2024.
Growth was led by the Mobility & Electronics segment, which delivered a 2.8% organic sales increase in H1 (Q2: +2.5%). Electronics posted double-digit growth, while Industrial delivered very strong gains.
In contrast, the Consumer Brands business recorded a 1.6% organic sales decline year-on-year (Q2: +0.4%). Nominal sales fell 6.8% to €4,907 million (Q2: €2,422 million). Although price development was positive versus H1 2024, volumes declined, weighed down by weaker consumer demand in North America and Europe.
Looking ahead, Henkel lowered its full-year organic sales growth forecast from 1.5–3.5% to 1–2%.
“We expect further profitable growth for fiscal 2025 and anticipate stronger sales momentum in the second half. The updated outlook reflects the ongoing impact of the challenging macroeconomic environment on organic sales, while the raised profitability guidance highlights improvements in our gross margin, portfolio optimisation and efficiency measures,” said Henkel CEO Carsten Knobel.
