German Henkel experienced a strong 2017, with record numbers for both its profit and turnover. The company managed to surpass the 20 billion euro turnover milestone for the first time.
Henkel’s turnover in 2017 grew 7 % to 20.029 billion euro and its organic turnover growth reached 3.1 %. The emerging markets proved to be an enormous asset, thanks to their 5.3 % organic turnover growth, compared to the 1.5 % organic turnover growth in the other markets. EBIT grew 9.1 % from 3.17 to 3.46 billion euro and net profit also grew 9.1 % to 2.53 billion euro.
“2017 was a successful year for Henkel. Despite challenging and volatile market conditions, we achieved record turnover and profit and managed to reach our financial targets for the full fiscal year. For the first time ever, our annual turnover surpassed the 20 billion euro mark. Our margin and profit per share also reached new heights, in line with our engagement to create sustainable profitable growth”, CEO Hans Van Bylen said.
For its fiscal year 2018, Henkel targets a 2 to 4 % organic turnover growth and an increased profit growth. “We want to continue our focus on sustainable profitable growth, with an attractive return. We are determined to realize our financial ambition for 2020”, Van Bylen added.