Henkel: share down on mixed 2022 results

(CercleFinance.com) - Henkel announced on Tuesday a lower than expected profit for its 2022 fiscal year and its forecasts for 2023 are in line with analysts' estimates, which caused its share price to fall on the Frankfurt Stock Exchange.


The owner of the Schwarzkopf, Diadermine and Le Chat brands announced this morning that last year its operating profit fell by 13.7% to 2.3 billion euros.

FY EPS was 3.90 euros, just below the 3.92 euros targeted by the consensus.

FY sales were 22.4 billion euros, up 8.8% in organic terms.

Henkel said it is targeting organic sales growth of 1% to 3%, with an operating margin of 10% to 12% for 2023, broadly in line with analysts' forecasts.

However, these figures are well below the group's medium-term targets of 3% to 4% in organic growth and a 16% operating margin, RBC noted.

Following this publication, the share was down 1.5% at around 10.20am in Frankfurt, underperforming both the DAX (+0.2%) and the European sector index (about +1%).



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