|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||23.98 - 24.03|
|52 Week Range||22.78 - 32.95|
|Beta (3Y Monthly)||0.48|
|PE Ratio (TTM)||3.55|
|Forward Dividend & Yield||0.52 (2.16%)|
|1y Target Est||28.20|
Henkel lowered its full-year outlook on Tuesday after posting its first fall in sales in a decade as the popularity of its beauty products waned and weaker industrial production hit its adhesives business. The maker of Schwarzkopf shampoo, Persil detergent, Dial soap and Loctite glue said second-quarter sales fell by a like-for-like 0.4% to 5.121 billion euros ($5.73 billion), the weakest since the third quarter of 2009, while earnings per share dropped 9.5% to 1.43 euros - both below average analyst forecasts. Analysts have suggested Henkel should consider selling or spinning off its struggling beauty business but the founding family that owns the majority of shares is seen as unlikely to take such a radical step.
German glue and detergent maker Henkel has slashed its 2019 sales forecast, blaming falling demand from automotive clients and stronger-than-expected headwinds in its consumer-facing beauty care division. The maker of Persil detergent, Loctite glue and Dial soap warned on Tuesday that organic revenues, which exclude currency fluctuations and M&A activity, will grow at most 2 per cent this year, compared with an already lowered target of 2 to 4 per cent. Until May, Henkel had targeted a revenue increase of 3 to 6 per cent for this year.
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Henkel AG dropped the most in almost seven months after cutting its full-year forecast as a sales slowdown in China hit its Schwarzkopf shampoo business and its adhesives unit suffered from an automotive slump.Earnings before interest and taxes missed analysts’ predictions in the second quarter, prompting Henkel to warn sales growth could be flat and per-share profit would drop almost 10%, more than previously expected. The stock traded as much as 5.4% lower, its steepest intraday decline since Jan. 21.Henkel is battling a slump in the auto industry. It’s seen an abrupt halt to a key growth market that had benefited as carmakers turned to adhesives to reduce weight by gluing parts together rather than riveting or welding. Sales at the unit shrank by 1.2% in the quarter, with Henkel highlighting a decline in automotive demand, alongside stiffer competition in beauty and washing-detergent markets.Chief Executive Officer Hans Van Bylen earlier this year allocated an extra 300 million euros ($335 million) for marketing spending amid a price war in parts of Europe and North America in products. Beauty Care was “significantly below” expectations, partly due to “ongoing stock adjustments” in China.The weakness in those markets has come to define Van Bylen’s term, and will be a focus for him as he eyes the end of his contract in 2021. Upon becoming CEO in 2016, he focused on growing Henkel through large purchases including U.S. detergent maker Sun Products Corp., a purchase aimed at Procter & Gamble Co.’s home market.Preferred shares of Henkel, the No. 1 supplier of adhesives, traded 4.2% lower at 88.08 euros as of 9:07 a.m.What Bloomberg Intelligence Says“Henkel will have to spend wisely on brand building to restore its long-term organic-growth target of 2-4%, and the latest guidance cut demonstrates that the 300 million euros of investment planned for both 2019 and 2020 probably won’t be enough.”\--Duncan Fox, consumer-products industry analystAdjusted earnings fell 9% to 846 million euros. Analysts had predicted 869 million euros on average, according to data compiled by Bloomberg. Henkel reiterated guidance for an EBIT margin of between 16% and 17%.(Updates with details on EPS guidance cut and share performance.)To contact the reporter on this story: Oliver Sachgau in Munich at firstname.lastname@example.orgTo contact the editors responsible for this story: Anthony Palazzo at email@example.com, Andrew NoëlFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
European shares fell on Tuesday, as a slew of economic and geopolitical worries including Italy and Argentina's political uncertainty and unrest in Hong Kong, compelled investors to take refuge in safe harbors like bonds and gold. The pan-European STOXX 600 index fell 0.3% by 0715 GMT, with the bank-heavy Milan and Madrid indexes leading losses. Markets, already reeling from fears that the United States and China may not end their bitter trade-war anytime soon, were distressed further as Argentina's currency crashed, unrest in Hong Kong intensified and Italy's political worries deepened.
Persil maker Henkel cut its full-year outlook on Tuesday after posting its first fall in sales in a decade as the popularity of its beauty products waned and weaker industrial production hit its adhesives business. The maker of Schwarzkopf shampoo, Dial soap and Loctite glue has underperformed rivals such as Procter & Gamble Co (P&G) and Unilever in recent years. Analysts have suggested Henkel should consider selling or spinning off its struggling beauty business but the founding family, which owns around 60 percent of the company's voting shares, is seen as unlikely to take such a radical step.
German blue-chip companies BASF, Siemens, Henkel along with a host of others said on Wednesday they had been victims of cyber attacks, confirming a German media report which said the likely culprit was a state-backed Chinese group. Alongside the German firms named, companies including drug maker Roche, hotels group Marriott, airline Lion Air, conglomerate Sumitomo, and chemicals group Shin-Etsu were also targeted by the hackers, ARD reported. Industrial conglomerate Siemens, shampoo maker Henkel and Swiss pharma group Roche confirmed that they were affected by "Winnti", while BASF and Covestro also confirmed that they have been attacked.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Henkel AG & Co. KGaA and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
German consumer goods company Henkel reported a disappointing first quarter of earnings and sales on Tuesday as falling industrial production hit its adhesives business and its beauty unit underperformed in western Europe and China. Henkel shares, which have underperformed the broader German market this year, were down 2.9 percent in early trade at 0655 GMT. The maker of Schwarzkopf shampoo and Persil detergent saw sales rise by an organic 0.7 percent to 4.97 billion euros (4.25 billion pounds), while earnings per share dropped 6 percent to 1.34 euros, both shy of average analyst forecasts.
German consumer goods company Henkel announced new hair care formulations and brands on Thursday, seeking to tap into consumer demand for more natural ingredients as it tries to revive sluggish growth in its beauty business. Henkel will relaunch its European shampoo brand Schauma with a "vegan" formula, roll out to more markets its Nature Box line of hair and body care products made from cold-pressed oils and launch a new "free-from" hair dye line called OnlyLove. It will also launch a premium vegan brand for professional hair salons called Authentic Beauty Concept and expand its Pro Nature range of cleaning products to include detergents.
Henkel (HNKG_p.DE) has no plans to break up, its chief executive told a German newspaper, adding the German consumer goods group's current structure gave it enough flexibility to grow. "We are very happy about that.
Henkel (HNKG_p.DE), owner of consumer brands including Persil detergent and Schwarzkopf shampoo, said it is still working to win back shelf space for its products in the United States after being hit by delivery problems early this year. While Persil and some other brands have since recovered, Henkel lost promotional slots for mid and lower-priced products due to the delivery delays at the start of the year, Chief Executive Hans van Bylen told journalists on Thursday. "We are working with full focus to get growth back in this business," he said, after Henkel reported that sales in North America slipped 0.8 percent in July-September from a year earlier.
German consumer goods group Henkel is scanning the market for takeovers, its chief financial officer told a paper, declining to say whether it was looking at Nestle's skin health unit that was put up for sale earlier this week. "We continue to see acquisition potential," Carsten Knobel told Boersen-Zeitung in an interview published on Saturday. "I do not want to comment on that," Knobel said when asked whether Henkel was looking at the division.
Looking at Henkel AG & Co KGaA’s (ETR:HEN3) earnings update in June 2018, it seems that analyst expectations are fairly bearish, with profits predicted to rise by 5.1% next yearRead More...