<p>汉高公司（Henkel AG and CO.）已召开第三季度财报电话会议。请继续阅读会议的主要亮点。</p>
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<p>在最新的财报电话会议上，汉高公司展现了平衡的情绪，反映出显著的成就和持续的挑战。公司在电子和工业部门表现强劲，成功提前完成了消费品牌的合并，并在北美实现了积极的销售增长。然而，这些积极的发展受到消费品牌的价格压力、汽车行业的挑战以及洗涤产品市场环境不佳的影响。</p>
<h2>电子和工业领域的强劲表现</h2>
<p>汉高的关键部门——粘合剂技术，展现了强劲的价格和销量发展，特别是在电子和工业领域的支持下。公司预计电子解决方案在未来几年将实现高单位数的市场增长，突显了该细分市场的良好前景。</p>
<h2>消费品牌合并提前进展</h2>
<p>汉高的消费品牌合并进展顺利，预计将提前一年完成。这一战略举措预计到年底将带来至少 5.25 亿欧元的净节省，标志着公司重组工作的一个重要里程碑。</p>
<h2>北美有机销售增长</h2>
<p>北美表现强劲，显著的有机销售增长得益于汉高两个业务部门的贡献。该地区的表现对公司的整体业绩产生了积极影响，突显了其战略重要性。</p>
<h2>洗涤护理品牌的成功创新</h2>
<p>汉高的洗涤护理品牌 Persil 和 Perwoll 通过成功的创新实现了积极增长。像 Persil Giant Discs 和 Perwoll 的三重更新技术等产品推动了市场份额的增长，展示了汉高的创新能力和吸引消费者的兴趣。</p>
<h2>消费品牌的价格压力</h2>
<p>消费品牌部门在第三季度面临负面的价格趋势，特别是在欧洲洗涤市场。这反映了市场环境的挑战，并突显了需要进行战略调整以应对这些压力。</p>
<h2>汽车行业的挑战性市场环境</h2>
<p>汉高的粘合剂技术部门在汽车行业的表现平淡，预计短期内不会有显著改善。由于更广泛的市场条件，该行业仍然面临挑战。</p>
<h2>洗涤产品市场整体负面</h2>
<p>洗涤产品市场面临负面趋势，受到消费者情绪和向私人品牌转移的影响，尤其是在欧洲。这给汉高在维持市场地位方面带来了持续的挑战。</p>
<h2>前瞻性指导</h2>
<p>尽管经济环境具有挑战性，汉高的前瞻性指导依然乐观。公司报告 2025 年第三季度有机销售增长 1.4%，粘合剂技术实现 2.5% 的增长。汉高在十月底前执行了 7 亿欧元的股票回购，并维持了全年指导，预计调整后的息税前利润率和调整后的每股收益增长将保持在当前预期范围内。消费品牌合并预计将在年底前完成，并预计将带来显著的成本节省。</p>
<p>总之，汉高公司的财报电话会议反映了平衡的情绪，在某些领域表现强劲，而在其他领域面临挑战。公司的战略举措，如消费品牌合并和洗涤护理的创新，尽管面临当前市场压力，仍有望推动未来的增长。</p>

汉高公司

<p>汉高公司的第三季度财报电话会议强调了成就与挑战的结合。该公司在电子和工业领域表现强劲，对市场增长前景持乐观态度。消费品牌的合并进展超出预期，预计将带来显著的成本节约。北美地区的有机销售增长显著，而洗衣护理品牌也成功进行了创新。然而，消费品牌部门面临价格压力，汽车行业则表现不佳。尽管面临这些挑战，汉高仍然保持乐观的展望，继续进行股票回购，并对调整后的息税前利润率和每股收益增长提供指导</p>

<p>Henkel AG and CO. ((HENKY)) has held its Q3 earnings call. Read on for the main highlights of the call.</p>
<div class="lb-trans"><p>汉高公司（Henkel AG and CO.）已召开第三季度财报电话会议。请继续阅读会议的主要亮点。</p>
</div><h3>Meet Your ETF AI Analyst</h3>
<div class="lb-trans"><h3>认识您的 ETF AI 分析师</h3>
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<li>Discover how TipRanks' <em>ETF</em> AI Analyst can help you make smarter investment decisions</li>
<li>Explore ETFs TipRanks' users love and see what insights the <strong><em>ETF</em> AI Analyst</strong> reveals about the ones you follow.</li>
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<div class="lb-trans"><ul>
<li>了解 TipRanks 的 <em>ETF</em> AI 分析师如何帮助您做出更明智的投资决策</li>
<li>探索 TipRanks 用户喜爱的 ETF，并查看 <strong><em>ETF</em> AI 分析师</strong> 对您关注的 ETF 所揭示的见解。</li>
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</div><p>In the latest earnings call, Henkel AG and CO. presented a balanced sentiment, reflecting both significant achievements and ongoing challenges. The company reported strong performance in its Electronics and Industrials sectors, successful early completion of the Consumer Brands merger, and positive sales growth in North America. However, these positive developments were tempered by pricing pressures in Consumer Brands, challenges in the Automotive sector, and a negative market environment for laundry products.</p>
<div class="lb-trans"><p>在最新的财报电话会议上，汉高公司展现了平衡的情绪，反映出显著的成就和持续的挑战。公司在电子和工业部门表现强劲，成功提前完成了消费品牌的合并，并在北美实现了积极的销售增长。然而，这些积极的发展受到消费品牌的价格压力、汽车行业的挑战以及洗涤产品市场环境不佳的影响。</p>
</div><h2>Strong Performance in Electronics and Industrials</h2>
<div class="lb-trans"><h2>电子和工业领域的强劲表现</h2>
</div><p>Adhesive Technologies, a key division of Henkel, demonstrated robust price and volume development, particularly supported by its Electronics and Industrials sectors. The company anticipates high single-digit market growth in Electronics Solutions over the coming years, underscoring a promising outlook for this segment.</p>
<div class="lb-trans"><p>汉高的关键部门——粘合剂技术，展现了强劲的价格和销量发展，特别是在电子和工业领域的支持下。公司预计电子解决方案在未来几年将实现高单位数的市场增长，突显了该细分市场的良好前景。</p>
</div><h2>Consumer Brands Merger Ahead of Schedule</h2>
<div class="lb-trans"><h2>消费品牌合并提前进展</h2>
</div><p>Henkel’s Consumer Brands merger is progressing well, with completion expected a year ahead of schedule. This strategic move is anticipated to yield net savings of at least EUR 525 million by the end of the year, marking a significant milestone in the company’s restructuring efforts.</p>
<div class="lb-trans"><p>汉高的消费品牌合并进展顺利，预计将提前一年完成。这一战略举措预计到年底将带来至少 5.25 亿欧元的净节省，标志着公司重组工作的一个重要里程碑。</p>
</div><h2>North America Organic Sales Growth</h2>
<div class="lb-trans"><h2>北美有机销售增长</h2>
</div><p>North America emerged as a strong performer with notable organic sales growth, driven by contributions from both of Henkel’s business units. This region’s performance has positively impacted the overall company results, highlighting its strategic importance.</p>
<div class="lb-trans"><p>北美表现强劲，显著的有机销售增长得益于汉高两个业务部门的贡献。该地区的表现对公司的整体业绩产生了积极影响，突显了其战略重要性。</p>
</div><h2>Successful Brand Innovations in Laundry Care</h2>
<div class="lb-trans"><h2>洗涤护理品牌的成功创新</h2>
</div><p>Henkel’s laundry care brands, Persil and Perwoll, have achieved positive growth through successful innovations. Products like Persil Giant Discs and Perwoll’s triple renew technology have driven market share gains, showcasing Henkel’s ability to innovate and capture consumer interest.</p>
<div class="lb-trans"><p>汉高的洗涤护理品牌 Persil 和 Perwoll 通过成功的创新实现了积极增长。像 Persil Giant Discs 和 Perwoll 的三重更新技术等产品推动了市场份额的增长，展示了汉高的创新能力和吸引消费者的兴趣。</p>
</div><h2>Pricing Pressure in Consumer Brands</h2>
<div class="lb-trans"><h2>消费品牌的价格压力</h2>
</div><p>The Consumer Brands division faced negative pricing trends in the third quarter, particularly in the European laundry market. This reflects the challenging market environment and highlights the need for strategic adjustments to counteract these pressures.</p>
<div class="lb-trans"><p>消费品牌部门在第三季度面临负面的价格趋势，特别是在欧洲洗涤市场。这反映了市场环境的挑战，并突显了需要进行战略调整以应对这些压力。</p>
</div><h2>Challenging Market Environment in Automotive</h2>
<div class="lb-trans"><h2>汽车行业的挑战性市场环境</h2>
</div><p>Henkel’s Adhesive Technologies division experienced muted performance in the Automotive sector, with no significant improvement expected in the near term. This sector remains a challenge due to broader market conditions.</p>
<div class="lb-trans"><p>汉高的粘合剂技术部门在汽车行业的表现平淡，预计短期内不会有显著改善。由于更广泛的市场条件，该行业仍然面临挑战。</p>
</div><h2>Overall Negative Market in Laundry</h2>
<div class="lb-trans"><h2>洗涤产品市场整体负面</h2>
</div><p>The laundry products market faced a negative trend, influenced by consumer sentiment and a shift towards private labels, especially in Europe. This presents ongoing challenges for Henkel in maintaining its market position.</p>
<div class="lb-trans"><p>洗涤产品市场面临负面趋势，受到消费者情绪和向私人品牌转移的影响，尤其是在欧洲。这给汉高在维持市场地位方面带来了持续的挑战。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指导</h2>
</div><p>Henkel’s forward-looking guidance remains optimistic despite the challenging economic environment. The company reported a 1.4% organic sales growth in Q3 2025, with Adhesive Technologies achieving a 2.5% increase. Henkel executed EUR 700 million in share buybacks by the end of October and maintained its full-year guidance, expecting adjusted EBIT margin and adjusted EPS growth to remain within current outlook ranges. The Consumer Brands merger is set to conclude by year-end with significant cost savings anticipated.</p>
<div class="lb-trans"><p>尽管经济环境具有挑战性，汉高的前瞻性指导依然乐观。公司报告 2025 年第三季度有机销售增长 1.4%，粘合剂技术实现 2.5% 的增长。汉高在十月底前执行了 7 亿欧元的股票回购，并维持了全年指导，预计调整后的息税前利润率和调整后的每股收益增长将保持在当前预期范围内。消费品牌合并预计将在年底前完成，并预计将带来显著的成本节省。</p>
</div><p>In conclusion, Henkel AG and CO.’s earnings call reflects a balanced sentiment, with strong performances in certain sectors and challenges in others. The company’s strategic initiatives, such as the Consumer Brands merger and innovations in laundry care, are poised to drive future growth despite current market pressures.</p>
<div class="lb-trans"><p>总之，汉高公司的财报电话会议反映了平衡的情绪，在某些领域表现强劲，而在其他领域面临挑战。公司的战略举措，如消费品牌合并和洗涤护理的创新，尽管面临当前市场压力，仍有望推动未来的增长。</p>
</div>

汉高公司的财报电话会议：在成功与挑战之间寻求平衡