Henkel: stock down after group provides outlook
(CercleFinance.com) - The Henkel share is tumbling 5.
6% in Frankfurt this morning, after the group announced its preliminary results for 2018 and targets for 2019, marked by a difficult market environment, with persistent headwinds regarding FX factors and commodities.
The German group has announced preliminary adjusted EPS that is up about 7% at constant exchange rates, a 30 basis point improvement in its adjusted operating margin to 17.6% and sales of 19.9 billion euros (+2.4% in organic terms).
For 2019, the consumer goods group expects adjusted EPS that is down in a mid-single-digit range at constant exchange rates, with an adjusted operating margin of 16% to 17% and organic sales growth of between 2% and 4%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
6% in Frankfurt this morning, after the group announced its preliminary results for 2018 and targets for 2019, marked by a difficult market environment, with persistent headwinds regarding FX factors and commodities.
The German group has announced preliminary adjusted EPS that is up about 7% at constant exchange rates, a 30 basis point improvement in its adjusted operating margin to 17.6% and sales of 19.9 billion euros (+2.4% in organic terms).
For 2019, the consumer goods group expects adjusted EPS that is down in a mid-single-digit range at constant exchange rates, with an adjusted operating margin of 16% to 17% and organic sales growth of between 2% and 4%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.