The company credits a significant recovery in demand in its industrial business as having a particularly positive effect on the performance of the business (which also includes consumer goods).
In adhesive technologies, Henkel developed and launched solutions for the automotive industry where sustainable adhesive technologies support thermal dissipation. In addition, innovative adhesives enable the development of sustainable packaging solutions.
Sales of the adhesive technologies business sector increased by 11.0 percent in nominal terms in fiscal 2021, reaching 9,641 million euros. Organically, sales increased by 13.4 percent. This growth was driven by both significantly higher volumes and a steady increase in pricing as the year progressed. Growth in the first six months of the year was characterised by a broad-based volume-driven recovery in industrial demand compared to the prior-year period, which had been strongly impacted by the COVID-19 pandemic. The organic sales growth in the second half of the year was driven both by further strong volume development and, increasingly, by price increases. At 1,561 million euros, adjusted operating profit was significantly above the level of the previous year (1,320 million euros).
In adhesive technologies, the new global innovation centre in Düsseldorf opened after a total investment of around 130 million euros. Work has already begun in the construction of another state-of-the-art innovation centre of adhesive technologies in Shanghai.
