By Scott Kanowsky
Investing.com -- Henkel & Co (ETR:HNKG_p) has raised its full-year sales guidance, citing strong performance in its adhesive technologies division.
In a statement, the chemicals and consumer goods company said it now expects organic sales to grow by 5.5% to 7.5% in 2022, up from the prior outlook of 4.5% to 6.5%.
Organic sales are also seen expanding by 10% to 12% at its adhesive technologies unit, which provides sealants and coatings to households and businesses.
Chief executive officer Carsten Knobel added that the group is working to pare down the impact of a recent spike in raw material, logistics, and energy costs on income.
Henkel left its expectation for adjusted earnings before interest and tax margin unchanged at 9% to 11%, adding that adjusted earnings per share will also fall between 35% and 15%.