Henkel enhances its commitment to sustainability by joining recycling initiative

UK – Global solutions provider Henkel has enhanced its commitment to sustainability by joining the UK Aerosol Recycling Initiative, a recycling program led by the non-profit organization Alupro.

With a legacy of more than 145 years, Henkel champions innovative and sustainable brands and technologies across the world.

The company’s portfolio includes well-known hair care products, laundry detergents and adhesives, such as Loctite, Jeyes, Schwarzkopf and Dylon Dyes.

Launched in September 2022, the UK Aerosol Recycling Initiative is targeting a national aerosol recycling rate of 50% by 2030.

Alongside working to improve consumer education and establish an accurate baseline, the group recently collaborated to launch a pioneering roadmap to guide progress towards achieving this goal.

Claudia Berto, head of R&D operations (UK/IE) at Henkel, commented: “We’re delighted to be partnering with the UK Aerosol Recycling Initiative and supporting its mission to further improve aerosol recycling rates across the UK.

“At Henkel, we’re committed to contributing to a cleaner, more sustainable future and fostering innovation to embrace the circular economy.

“Together, alongside businesses from across the aerosol value chain, we can work to make a lasting impact, promoting responsible consumption and best practice recycling.”

Tom Giddings, executive director at Alupro, added: “As a world-leading solutions provider, partnering with Henkel will prove invaluable to the UK Aerosol Recycling Initiative as we continue to drive change in the aluminium packaging industry.

“Following the launch of our roadmap earlier this year, the initiative has continued to expand and develop. Behind the scenes, we’re making important progress towards the next phase of our plan and we’re excited to continue working alongside our partners to maximize the recycling of aluminium packaging.”

Q2 results

In the second quarter, group sales at Henkel rose by 4.9% to €10.9 billion, with the business reporting a positive sales performance in both its business units, Consumer Brands and Adhesive Technologies, the latter of which recently marked 100 years of operation.

Consumer Brands reported 5.7% organic sales growth in the first half of the year, driven by its Laundry & Home Care and Hair business segments, while Adhesive Technologies saw sales up 4.7% in the half, the group noted.

“We achieved very strong growth in both business units,” commented Henkel CEO Carsten Knobel. “At the same time, we succeeded in significantly improving our earnings despite the continuing headwinds from high material and logistic prices.”

Henkel has lifted its full-year guidance for 2023 sales and earnings as it posted second-quarter growth that was bolstered by double-digit price increases at both its adhesives and its consumer goods businesses.

The German group now sees its full-year organic sales growth coming in at 2.5% to 4.5%, compared with a previous outlook of 1% to 3%.

Analysts on average expect organic growth of 3.7%, according to a consensus by Vara Research.

Henkel now sees its adjusted return on sales (EBIT margin) at 11.0% to 12.5% for the year, compared with previous guidance for 10.0% to 12.0% and consensus for 11.1%.

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