Global adhesives and FMCG major Henkel plans to invest up to 3 billion euros (USD 3.2 billion) from 2017-20 for organic growth and acquisitions in the emerging markets.
It has outlined growth in mature and emerging markets as its “key strategic priority”, the firm said in its vision ‘Henkel 2020+, new strategic priorities and financial ambition for the company’. The firm is also looking to increase sales of its top performing global brands as well as its leading local brands and expects that sales of the top 10 brands would increase to 75 per cent of total group sales by 2020. “Henkel aims to achieve an average organic sales growth between 2 per cent and 4 per cent with an over-proportionate contribution from emerging markets. For adjusted earnings per preferred share, Henkel targets a CAGR of 7 per cent to 9 per cent,” the company said.