Henkel: earnings rise despite 'difficult' conditions.
(CercleFinance.com) - German consumer goods group Henkel stuck to its 2017 growth target, despite continued difficult conditions in its market.
Henkel, whose brands include Persil and Schwarzkopf hair products, said this morning that second-quarter adjusted operating profit (EBIT) improved by 11% to 909 million euros.
Organic sales, which exclude FX factors and acquisitions/divestments, were up 2.2 percent in the past quarter.
Henkel confirmed its outlook for 2017, still expecting to generate organic sales growth of 2 to 4 percent.
However, the Düsseldorf-based company said it expected an overall volatile and uncertain market environment throughout the year.
"Currency fluctuations are likely to continue and we anticipate the difficult conditions in the consumer goods markets to persist," Henkel said.
Henkel's shares, which have risen by just 1.5% year-to-date, are currently down 3.6% at 115.05 euros, compared with a 0.2 percent drop in the DAX index.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
Henkel, whose brands include Persil and Schwarzkopf hair products, said this morning that second-quarter adjusted operating profit (EBIT) improved by 11% to 909 million euros.
Organic sales, which exclude FX factors and acquisitions/divestments, were up 2.2 percent in the past quarter.
Henkel confirmed its outlook for 2017, still expecting to generate organic sales growth of 2 to 4 percent.
However, the Düsseldorf-based company said it expected an overall volatile and uncertain market environment throughout the year.
"Currency fluctuations are likely to continue and we anticipate the difficult conditions in the consumer goods markets to persist," Henkel said.
Henkel's shares, which have risen by just 1.5% year-to-date, are currently down 3.6% at 115.05 euros, compared with a 0.2 percent drop in the DAX index.
Copyright (c) 2017 CercleFinance.com. All rights reserved.