Q1 2026 Henkel AG & Co KGaA Earnings Call Transcript
Key Points
- Henkel AG & Co KGaA (HELKF) reported good organic sales growth of 1.7% in Q1 2026, supported by both business units.
- The company successfully completed a EUR1 billion share buyback program by the end of March 2026.
- Henkel AG & Co KGaA (HELKF) made strong progress in its M&A strategy, closing three out of five acquisitions, expected to add annual sales of around EUR1.6 billion.
- The company's top 10 brands delivered above-average organic sales growth of around 5% in Q1 2026.
- Henkel AG & Co KGaA (HELKF) maintained its full-year 2026 guidance, expecting organic sales growth of 1% to 3% and an adjusted EBIT margin of 14.5% to 16%.
- Henkel AG & Co KGaA (HELKF) faced a strong FX headwind of minus-5% in Q1 2026, mainly due to a weakened dollar.
- Sales in Europe were down 3.4% year-on-year, reflecting weaker business performance in both business units.
- The company experienced muted demand in the Adhesive Technologies segment, particularly in the automotive market.
- Henkel AG & Co KGaA (HELKF) is dealing with high single-digit percentage inflation in commodity costs due to geopolitical tensions.
- The Consumer Brands segment faced intense competitive pressure, particularly in the Laundry & Home Care market.
Good morning and a warm welcome to everyone joining Henkelâs Q1 2026 results conference call today. Iâm Leslie Iltgen, Head of Henkelâs Investor Relations. Today, Iâm joined by our CEO, Carsten Knobel, and our CFO, Marco Swoboda. Carsten will begin with an overview of the key developments in the first quarter. Marco will follow with a more detailed review of the companyâs financial performance.
As always, following the presentation, we will open up the lines, and Carsten and Marco will be happy to take your questions. Before handing over to Carsten, please let me remind you that this call will be recorded and a replay will be made available on our Investor Relations website shortly after this call.
By asking a question during the Q&A session, you agree to both the live broadcasting as well as the recording of your question, including salutation to be published on our website. Also, please be reminded that this presentation contains the usual formal disclaimer in regards to forward-looking statements within the
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