In its Adhesive Technologies business unit it grew 1.3%, while in Consumer Brands it grew 5.2%.

In the first quarter of 2024, the German firm Henkel —present in Argentina, Brazil, Chile, Colombia, Costa Rica, Guatemala, Mexico, Peru and Venezuela— achieved sales in the group for a total of US$ 5,749 million, experiencing thus a growth of 3%. This increase is attributed to a positive price evolution in the Adhesive Technologies (1.3%) and Consumer Brands (5.2%) business units.

Likewise, volume development at the Group level, continually influenced by portfolio measures in the Consumer Brands business unit, has shown sequential improvement compared to the fourth quarter of 2023.

In nominal terms, sales have decreased by -5.2% compared to the same quarter of the previous year, mainly due to the sale of business operations in Russia and the unfavorable effects of currency exchange.

“We have had a very good start to the year. In addition, we have been able to close the acquisitions of Seal for Life Industries and Vidal Sassoon in China ahead of schedule, which will further strengthen our businesses," said Carsten Knobel, CEO of Henkel. “In view of this development, last week we significantly raised our sales and profit outlook for 2024. This shows that we have a clear strategy that we are executing rigorously and that we are delivering on what we have promised. We are on track to continue growing profitably.”

The positive increase in sales of the Adhesive Technologies business unit during the first quarter is mainly due to growth in the Mobility & Electronics business area. Likewise, the strong growth in sales of the Consumer Brands business unit has been driven by all business areas, with a notable contribution from the Hair segment.