Henkel has reported its FY 2018 financial results.
Sales: €19.9 billion, 2.4% organic growth
Beauty Care: €3,950 million, down .7% organically
A Year in Review
“In 2018, we continued to deliver profitable growth for Henkel,” said CEO Hans Van Bylen. “We achieved good organic growth with new highs in earnings and profitability. We also significantly increased free cash flow. At the same time, we faced substantial negative currency effects as well as increasing direct material prices. The overall good business performance was once again driven by our successful brands and innovative technologies with leading positions in highly attractive markets and categories. Our profitable growth was complemented by the contributions from acquisitions in our industrial and consumer goods businesses. We maintained our strong cost discipline and continuously improved our efficiency.”
Moving Into 2019
“We are convinced that Henkel is well-positioned for the future,” said Van Bylen. “We have a clear strategy and pursue ambitious targets. With our increased investments in brands, technologies, innovations and digitalization, we are emphasizing our commitment to deliver sustainable profitable growth.”