Henkel gained 1% in early trading in Frankfurt, following the publication of EPS of 4.35 euros for its 2023 fiscal year, up 20% at constant exchange rates, with an EBIT margin of 11.9%, an improvement of 150 basis points.

The German operator of everyday consumer brands such as Le Chat, X-TRA and Loctite, posted sales of 21.5 billion euros, up 4.2% organically, with price increases offsetting a decline in volumes.

A stable dividend of 1.85 euros per share will be proposed for 2023. For 2024, Henkel anticipates EPS growth of 5 to 20% (at constant exchange rates), an EBIT margin of 12 to 13.5%, and organic sales growth of 2 to 4%.

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