Henkel: 2020 to be 'challenging', shares down
(CercleFinance.com) - Henkel will continue to face a "challenging" market environment in 2020, the German consumer goods company warned on Friday, sending its shares down 3% in Frankfurt.
Overall, Henkel expects organic sales growth of 0% to 2% in its 2020 financial year.
For the current fiscal year to 31 December 2019, Henkel expects organic sales to be approximately stable, it said.
Its 2020 adjusted EBIT margin is expected to reach around 15%, down from an expected level of approximately 16.2% in 2019, the group said.
Henkel expects adjusted earnings per preferred share (EPS) in 2020 to decrease by a mid to high single-digit percentage at constant exchange rates, it added.
The shares were down 3.2% at 91.4 euros in Frankfurt after this warning.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
Overall, Henkel expects organic sales growth of 0% to 2% in its 2020 financial year.
For the current fiscal year to 31 December 2019, Henkel expects organic sales to be approximately stable, it said.
Its 2020 adjusted EBIT margin is expected to reach around 15%, down from an expected level of approximately 16.2% in 2019, the group said.
Henkel expects adjusted earnings per preferred share (EPS) in 2020 to decrease by a mid to high single-digit percentage at constant exchange rates, it added.
The shares were down 3.2% at 91.4 euros in Frankfurt after this warning.
Copyright (c) 2019 CercleFinance.com. All rights reserved.