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Henkel: New forecast for 2020 presented

On Friday, Henkel presented a new forecast for the 2020 financial year. According to its own statement, the Düsseldorf-based branded goods group expects an “organic sales growth of -1.0 to -2.0 percent” – in plain language, a decrease in sales on a group basis. Before interest and taxes, Henkel is forecasting a margin between 13.0 percent and 13.5 percent. The profit margin will be burdened by falling sales in the industrial and hairdressing business due to the pandemic. Adjusted earnings per preferred share are expected to fall by 18 percent to 22 percent in the current year.

â € œThe new forecast is based on the assumption that industrial demand and business activity in areas that are important to Henkel will probably be below the level of the previous year in the fourth quarter, but will not deteriorate significantlyâ €, so the company. Far-reaching lockdowns are not expected in the key core regions.

For the third quarter of 2020, based on preliminary figures, Henkel is reporting organic sales growth – this time really a plus – of 3.9 percent. Henkel will present the complete quarterly figures on November 10th.

At a glance – chart and news: Henkel Vz.

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