Henkel, the German consumer goods powerhouse, has revised its 2023 outlook, citing robust pricing dynamics that bolstered third-quarter growth.

The company has increased the lower end of its full-year organic sales growth forecast to 3.5% to 4.5%, up from the previous range of 2.5% to 4.5%. The adjusted return on sales (EBIT margin) is now projected to be between 11.5% and 12.5%, compared to the earlier target of 11.0% to 12.5%. In Q3, Henkel reported sales of 5.4 billion euros ($5.78 billion), marking a 2.8% organic increase. CEO Carsten Knobel is optimistic about a further sequential improvement in the upcoming quarter.