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Henkel Plans to Continue Outperforming Markets, CEO Tells WamS

  • Industrial businesses negatively affected by pandemic
  • Company to sell brands worth 500 million euros in revenue
Carsten Knobel
Carsten KnobelPhotographer: Krisztian Bocsi/Bloomberg

Henkel AG & Co. KGaA has managed the effects of the pandemic “fairly well” so far, shown by strong organic growth in the third quarter, Chief Executive Officer Carsten Knobel said.

The company will put more focus on successful brands like Persil washing detergent, Schwarzkopf hair products and Loctite glues, the executive told Welt am Sonntag in an interview. It discontinued or started disposal processes for brands and units worth about 100 million euros ($120 million) in revenue last year, a number that will climb to about 500 million euros by the end of this year.