Henkel: share suffers as group cuts targets
(CercleFinance.com) - The Henkel share is down 4.
4% in Frankfurt on Tuesday morning, after the consumer goods group said that it now expects a mid-to-upper single digit fall in its adjusted EPS (and no longer a mid single digit fall) at constant exchange rates for 2019.
The German group confirms that it is expecting an adjusted operating margin of 16% to 17%, but only expects organic sales growth of between 0 and 2%, against a previous target range of 2% to 4%.
Over Q2, the owner of brands such as X-Tra, Mir, Fa and Loctite, saw its adjusted EPS fall 9.5% to 1.43 euro, three cents short of the consensus, for a margin that is down 1.5 point to 16.5%, with sales of 5.12 billion euros (-0.4% in organic terms).
Copyright (c) 2019 CercleFinance.com. All rights reserved.
4% in Frankfurt on Tuesday morning, after the consumer goods group said that it now expects a mid-to-upper single digit fall in its adjusted EPS (and no longer a mid single digit fall) at constant exchange rates for 2019.
The German group confirms that it is expecting an adjusted operating margin of 16% to 17%, but only expects organic sales growth of between 0 and 2%, against a previous target range of 2% to 4%.
Over Q2, the owner of brands such as X-Tra, Mir, Fa and Loctite, saw its adjusted EPS fall 9.5% to 1.43 euro, three cents short of the consensus, for a margin that is down 1.5 point to 16.5%, with sales of 5.12 billion euros (-0.4% in organic terms).
Copyright (c) 2019 CercleFinance.com. All rights reserved.