Henkel results disappoint as beauty, adhesives lag [Reuters]
HENKEL AG & CO KGAA PFD (HENOY)
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Source: Reuters
Henkel results disappoint as beauty, adhesives lag - Reuters 1 Min Read BERLIN (Reuters) - German consumer goods company Henkel reported a disappointing quarter of earnings and sales on Tuesday as its adhesives business was hit by falling industrial production and its beauty unit underperformed in western Europe and China. The maker of Schwarzkopf shampoo and Persil detergent saw sales rise by an organic 0.7 percent to 4.97 billion euros ($5.57 billion), while earnings per share fell 6 percent to 1.34 euros, versus analyst consensus for 4.99 billion and 1.37 euros. However, Henkel said it still confirmed its outlook for organic sales growth of between 2 and 4 percent in 2019 and for adjusted EPS to fall by a mid-single digit percentage. Reporting by Emma Thomasson; Editing by Thomas Seythal All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Henkel results disappoint as beauty, adhesives lag B
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