In the first half of 2024, Henkel, a German multinational, reported a 28.4% increase in operating profits and raised its earnings outlook for 2024.

Henkel, a German multinational company, surpassed expectations in the first half of 2024, posting a 28.4% increase in operating profits compared to the same period in 2023. CEO Karsten Knobel's reorganization, including merging Persil and Pril brands with the cosmetics department, aims to address low profit margins. Henkel raised its earnings outlook for 2024, predicting adjusted earnings per share to grow by 20-30% at constant exchange rates and adjusted return on sales at 13.5-14.5%.