<p>漢高公司（Henkel AG and CO.）已召開第三季度財報電話會議。請繼續閲讀會議的主要亮點。</p>
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<p>在最新的財報電話會議上，漢高公司展現了平衡的情緒，反映出顯著的成就和持續的挑戰。公司在電子和工業部門表現強勁，成功提前完成了消費品牌的合併，並在北美實現了積極的銷售增長。然而，這些積極的發展受到消費品牌的價格壓力、汽車行業的挑戰以及洗滌產品市場環境不佳的影響。</p>
<h2>電子和工業領域的強勁表現</h2>
<p>漢高的關鍵部門——粘合劑技術，展現了強勁的價格和銷量發展，特別是在電子和工業領域的支持下。公司預計電子解決方案在未來幾年將實現高單位數的市場增長，突顯了該細分市場的良好前景。</p>
<h2>消費品牌合併提前進展</h2>
<p>漢高的消費品牌合併進展順利，預計將提前一年完成。這一戰略舉措預計到年底將帶來至少 5.25 億歐元的淨節省，標誌着公司重組工作的一個重要里程碑。</p>
<h2>北美有機銷售增長</h2>
<p>北美表現強勁，顯著的有機銷售增長得益於漢高兩個業務部門的貢獻。該地區的表現對公司的整體業績產生了積極影響，突顯了其戰略重要性。</p>
<h2>洗滌護理品牌的成功創新</h2>
<p>漢高的洗滌護理品牌 Persil 和 Perwoll 通過成功的創新實現了積極增長。像 Persil Giant Discs 和 Perwoll 的三重更新技術等產品推動了市場份額的增長，展示了漢高的創新能力和吸引消費者的興趣。</p>
<h2>消費品牌的價格壓力</h2>
<p>消費品牌部門在第三季度面臨負面的價格趨勢，特別是在歐洲洗滌市場。這反映了市場環境的挑戰，並突顯了需要進行戰略調整以應對這些壓力。</p>
<h2>汽車行業的挑戰性市場環境</h2>
<p>漢高的粘合劑技術部門在汽車行業的表現平淡，預計短期內不會有顯著改善。由於更廣泛的市場條件，該行業仍然面臨挑戰。</p>
<h2>洗滌產品市場整體負面</h2>
<p>洗滌產品市場面臨負面趨勢，受到消費者情緒和向私人品牌轉移的影響，尤其是在歐洲。這給漢高在維持市場地位方面帶來了持續的挑戰。</p>
<h2>前瞻性指導</h2>
<p>儘管經濟環境具有挑戰性，漢高的前瞻性指導依然樂觀。公司報告 2025 年第三季度有機銷售增長 1.4%，粘合劑技術實現 2.5% 的增長。漢高在十月底前執行了 7 億歐元的股票回購，並維持了全年指導，預計調整後的息税前利潤率和調整後的每股收益增長將保持在當前預期範圍內。消費品牌合併預計將在年底前完成，並預計將帶來顯著的成本節省。</p>
<p>總之，漢高公司的財報電話會議反映了平衡的情緒，在某些領域表現強勁，而在其他領域面臨挑戰。公司的戰略舉措，如消費品牌合併和洗滌護理的創新，儘管面臨當前市場壓力，仍有望推動未來的增長。</p>

漢高公司

<p>漢高公司的第三季度財報電話會議強調了成就與挑戰的結合。該公司在電子和工業領域表現強勁，對市場增長前景持樂觀態度。消費品牌的合併進展超出預期，預計將帶來顯著的成本節約。北美地區的有機銷售增長顯著，而洗衣護理品牌也成功進行了創新。然而，消費品牌部門面臨價格壓力，汽車行業則表現不佳。儘管面臨這些挑戰，漢高仍然保持樂觀的展望，繼續進行股票回購，並對調整後的息税前利潤率和每股收益增長提供指導</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>漢高公司（Henkel AG and CO.）已召開第三季度財報電話會議。請繼續閲讀會議的主要亮點。</p>
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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>在最新的財報電話會議上，漢高公司展現了平衡的情緒，反映出顯著的成就和持續的挑戰。公司在電子和工業部門表現強勁，成功提前完成了消費品牌的合併，並在北美實現了積極的銷售增長。然而，這些積極的發展受到消費品牌的價格壓力、汽車行業的挑戰以及洗滌產品市場環境不佳的影響。</p>
</div><h2>Strong Performance in Electronics and Industrials</h2>
<div class="lb-trans"><h2>電子和工業領域的強勁表現</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>漢高的關鍵部門——粘合劑技術，展現了強勁的價格和銷量發展，特別是在電子和工業領域的支持下。公司預計電子解決方案在未來幾年將實現高單位數的市場增長，突顯了該細分市場的良好前景。</p>
</div><h2>Consumer Brands Merger Ahead of Schedule</h2>
<div class="lb-trans"><h2>消費品牌合併提前進展</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>漢高的消費品牌合併進展順利，預計將提前一年完成。這一戰略舉措預計到年底將帶來至少 5.25 億歐元的淨節省，標誌着公司重組工作的一個重要里程碑。</p>
</div><h2>North America Organic Sales Growth</h2>
<div class="lb-trans"><h2>北美有機銷售增長</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>北美表現強勁，顯著的有機銷售增長得益於漢高兩個業務部門的貢獻。該地區的表現對公司的整體業績產生了積極影響，突顯了其戰略重要性。</p>
</div><h2>Successful Brand Innovations in Laundry Care</h2>
<div class="lb-trans"><h2>洗滌護理品牌的成功創新</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>漢高的洗滌護理品牌 Persil 和 Perwoll 通過成功的創新實現了積極增長。像 Persil Giant Discs 和 Perwoll 的三重更新技術等產品推動了市場份額的增長，展示了漢高的創新能力和吸引消費者的興趣。</p>
</div><h2>Pricing Pressure in Consumer Brands</h2>
<div class="lb-trans"><h2>消費品牌的價格壓力</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>消費品牌部門在第三季度面臨負面的價格趨勢，特別是在歐洲洗滌市場。這反映了市場環境的挑戰，並突顯了需要進行戰略調整以應對這些壓力。</p>
</div><h2>Challenging Market Environment in Automotive</h2>
<div class="lb-trans"><h2>汽車行業的挑戰性市場環境</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>漢高的粘合劑技術部門在汽車行業的表現平淡，預計短期內不會有顯著改善。由於更廣泛的市場條件，該行業仍然面臨挑戰。</p>
</div><h2>Overall Negative Market in Laundry</h2>
<div class="lb-trans"><h2>洗滌產品市場整體負面</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>洗滌產品市場面臨負面趨勢，受到消費者情緒和向私人品牌轉移的影響，尤其是在歐洲。這給漢高在維持市場地位方面帶來了持續的挑戰。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指導</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>儘管經濟環境具有挑戰性，漢高的前瞻性指導依然樂觀。公司報告 2025 年第三季度有機銷售增長 1.4%，粘合劑技術實現 2.5% 的增長。漢高在十月底前執行了 7 億歐元的股票回購，並維持了全年指導，預計調整後的息税前利潤率和調整後的每股收益增長將保持在當前預期範圍內。消費品牌合併預計將在年底前完成，並預計將帶來顯著的成本節省。</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>總之，漢高公司的財報電話會議反映了平衡的情緒，在某些領域表現強勁，而在其他領域面臨挑戰。公司的戰略舉措，如消費品牌合併和洗滌護理的創新，儘管面臨當前市場壓力，仍有望推動未來的增長。</p>
</div>

漢高公司的財報電話會議：在成功與挑戰之間尋求平衡