Henkel expects hit to 2020 profit on higher spending, uncertainty [Reuters]
HENKEL AG & CO KGAA PFD (HENOY)
NASDAQ:AMEX Investor Relations:
henkel.com
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Source: Reuters
Henkel expects hit to 2020 profit on higher spending, uncertainty FRANKFURT (Reuters) - Germany’s Henkel ( HNKG_p.DE ) on Thursday said it expected profit to be hit next year, blaming an uncertain industrial environment and higher investments in advertising, IT and marketing. The group said its adjusted earnings before interest and tax margin would decline to about 15% next year, down from an expected 16.2% in 2019.
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