Henkel: shareholders pass all resolutions

(CercleFinance.com) - German consumer goods group Henkel has confirmed its outlook for fiscal year 2018 at today's annual general meeting held in Düsseldorf.


The company said it is still aiming at organic sales growth of between 2% and 4% this year, with an operating margin (EBIT) that is expected to increase to over 17.5%.

After Henkel's consumer goods businesses experienced delivery difficulties in North America over Q1 2018, CEO Hans Van Bylen said the supply chain situation should now get back to normal in the course of the second quarter.

Over the longer term, Henkel said the implementation of strategic priorities within the "Henkel 2020+" plan are well on track.

After record levels in sales and earnings in 2017, an increase by 17 cents per dividend of both share classes to 1.79 euros per preferred share and 1.77 euros per ordinary share was proposed to the shareholders.

It is the highest payout in the company's history.

Unsurprisingly, all resolutions on the agenda were approved by the 1,300 shareholders who attended the event.

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