Henkel (HEN) Q3 2025 earnings summary

Executive summary

• Q3 2025 delivered group sales of €5.1 billion with 1.4% organic growth, as both Adhesive Technologies and Consumer Brands achieved positive organic sales growth, led by strong North America performance.

• The Consumer Brands merger transformation will conclude by year-end, one year ahead of plan, targeting at least €525 million in net savings and improved business efficiency.

• Share buyback program executed approximately €700 million by end of October.

Financial highlights

• Group organic sales growth was 1.4% in Q3 2025, with nominal sales of €5.1 billion, down 6.3% year-over-year due to FX and divestments.

• Adhesive Technologies achieved 2.5% organic sales growth to €2.7 billion; Consumer Brands posted 0.4% organic growth to €2.4 billion.

• North America delivered strong organic sales growth, while Europe and Latin America saw declines; IMEA and Asia-Pacific regions posted strong growth.

• Acquisitions/divestments reduced sales by 2.9%; FX was a -4.8% headwind.

Outlook and guidance

• Full-year 2025 guidance unchanged: group organic sales growth expected at 1.0–2.0%, adjusted EBIT margin 14.5–15.5%, and adjusted EPS growth at constant currency in the low to high single-digit percentage range.

• Adhesive Technologies organic growth expected at 2.0–3.0%; Consumer Brands at 0.5–1.5%.

• If economic conditions do not improve, organic sales growth is expected at the lower end of guidance.

• No change in expectations for FX, acquisitions/divestments, direct material prices, restructuring expenses, or CapEx for 2025.