BERLIN, May 3 Reuters German consumer goods company Henkel slightly raised its guidance for 2024 on Friday, saying strong performance in the first quarter had boosted its sales and earnings outlook.

The group raised its guidance for fullyear organic sales growth, now expecting an increase of 2.5 to 4.5 compared with a previous target of 2.0 to 4.0.

It now sees an adjusted return on sales EBIT margin in a range of 13.0 to 14.0, having previously targeted 12.0 to 13.5.

Quarterly sales came in at 5.3 billion euros 5.69 billion, up 3 organically, according to preliminary figures.

The company said it would provide further details on sales development on May 8.

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Writing by Friederike Heine, Editing by Miranda Murray

Source Reuters