Henkel: adjusted H1 EPS down 29%

(CercleFinance.com) - Consumer goods group Henkel has announced H1 2020 adjusted EPS that is down 29.
2% at 1.96 euro, with an adjusted operating margin that is down 370 basis points to 12.6%, with sales down 6% to almost 9.5 billion euros.

The German group, which owns the X-Tra, Mir, Fa and Loctite brands amongst others, recorded a 5.2% organic decline in sales, with contractions of 2.6% in emerging markets and 6.9% in mature markets.

"Given the continued uncertainties, however we cannot provide a new and reliable outlook for the full-year at this point in time," said CZO Carsten Knobel, who says he is "fully dedicated to our ambitious growth agenda for the coming years".

The share is down almost 2.5% just before 11 am on Thursday.


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