March 11 (Reuters) - Henkel forecast organic sales growth of up to 3.5% for 2025 on Tuesday, citing the implementation of its growth agenda, after the German consumer goods and adhesives maker's 2024 growth missed market expectations.
The owner of Persil and Schwarzkopf brands expects its organic sales to grow between 1.5% and 3.5% this year, compared with a 2.6% organic rise to 21.6 billion euros ($23.4 billion) in 2024.
At 2.5%, the mid-point of the outlook is below the 3% growth estimated by analysts polled by Vara Research. They had also forecast average 3.2% organic growth for 2024.
Henkel proposed a dividend of 2.04 euros per preferred share, up 10.3% from a year earlier, and said in a separate statement that it would repurchase shares for up to 1 billion euros.
($1 = 0.9223 euros)
Reporting by Matthias Inverardi, Elizaveta Gladun and Linda Pasquini; editing by Milla Nissi
Source: Reuters