TAGS: Sustainability / Natural Adhesives
Henkel optimizes the organizational structure of its Adhesive Technologies business in order to use scale and competence benefits even more efficiently, while at the same time ensuring close customer and market proximity.
Amended Reporting from Q1 2023 Onwards
Going forward, the business unit will be set up with three business areas – Mobility & Electronics, Packaging & Consumer Goods and Craftsmen, Construction & Professional – and underlying nine strategic business units. The new organizational structure will be already reflected in the Quarterly Statement on the first quarter 2023, which will be published on May 4, 2023.
Henkel has established the current organizational structure of its Adhesive Technologies business comprising four business areas overseeing eleven underlying strategic business units in 2020. In the past years, the previous structure proved itself in a volatile environment. Going forward, the company wants to drive even better and faster tailor-made, high-impact and future-oriented innovations together with our customers. That is why Adhesive Technologies will be set up with three strong and similarly sized business areas, in which Henkel will actively shape relevant megatrends such as mobility, sustainability and connectivity through its innovative solutions.
Increased Transparency on Sales Development
In addition, Henkel will – analogous to the already communicated future reporting structure of the newly created Consumer Brands business unit – also report key sales figures at business area level for the Adhesive Technologies business unit from the first quarter of 2023, thus increasing transparency. Specifically, Henkel will report sales as well as nominal and organic sales growth.
As part of the amendments in the reporting for the Adhesive Technologies and Consumer Brands business units, Henkel will also slightly adapt its regional reporting. From the first quarter 2023 onwards, Henkel will comment on its business performance along the regions Europe, IMEA, North America, Latin America and Asia-Pacific.
Source: Henkel