Henkel Shares Slide as 2022 Targets Fall Short of Consensus
28 Januar 2022 - 10:32AM
Dow Jones News
By Cecilia Butini
Shares in Henkel fell in opening trade on Friday after the
German home and personal-care products company outlined targets for
2022 that fell short of current consensus.
The company's outlook for the current year takes into account
what Henkel described as a continuing tense situation in the
markets for raw materials and in supply chains, as well as
significant price increases when spelling out targets.
The company now expects organic sales growth between 2% and 4%
in 2022, compared with a consensus estimate that had the metric at
4%. The margin of earnings before interest and taxes is seen
between 11.5% and 13.5%, compared with the company-provided
consensus of 13.6%.
Henkel said that adjusted earnings per share is also expected to
show a negative development compared with consensus.
Shares at 0901 GMT were down 7.6% at EUR72.76.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
January 28, 2022 04:17 ET (09:17 GMT)
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