Henkel: falls short of consensus in 1st quarter

(CercleFinance.com) - Henkel announces adjusted earnings per share (EPS) up 1.
4% to 1.43 euros, one cent under analysts' average estimates, fundamentally caused by delivery difficulties in North America and adverse currency fluctuations.

The German fast-moving consumer-goods group has improved its adjusted operating margin by 0.5 points to 17.4%, with revenue down 4.5% to more than 4.8 billion euros despite organic growth of 1.1%.

Anticipating continued uncertainty and volatility in market conditions, Henkel confirms that it expects to see adjusted EPS rising in 2018 by 5 to 8%, adjusted operating margins of more than 17.5% and organic revenue growth of 2 to 4%.

Copyright (c) 2018 CercleFinance.com. All rights reserved.