Henkel: 2020 adjusted EPS down 18%
(CercleFinance.com) - Henkel has reported 2020 adjusted EPS that is down 17.
9% at 4.26 euros, pretty much in line with expectations, with an adjusted operating margin that down 2.6 points to 13.4% on sales that are down 4.3% to 19.25 billion euros.
However, the German group, which owns brands such as X-Tra, Mir, Fa and Loctite, recorded just a 0.7% organic decline in sales, thanks to 3% growth in emerging markets.
Henkel will propose a stable dividend of 1.85 euro per share for 2020 and says that in 2021 it aims to achieve adjusted EPS growth of 5% to 15%, excluding FX factors, an adjusted operating margin of between 13.5% and 14.5% and organic sales growth of 2% to 5%.
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9% at 4.26 euros, pretty much in line with expectations, with an adjusted operating margin that down 2.6 points to 13.4% on sales that are down 4.3% to 19.25 billion euros.
However, the German group, which owns brands such as X-Tra, Mir, Fa and Loctite, recorded just a 0.7% organic decline in sales, thanks to 3% growth in emerging markets.
Henkel will propose a stable dividend of 1.85 euro per share for 2020 and says that in 2021 it aims to achieve adjusted EPS growth of 5% to 15%, excluding FX factors, an adjusted operating margin of between 13.5% and 14.5% and organic sales growth of 2% to 5%.
Copyright (c) 2021 CercleFinance.com. All rights reserved.