(News Bulletin 247) – Henkel on Tuesday announced a lower-than-expected profit for its 2022 financial year and its forecast for 2023 is in line with analysts’ estimates, which pushed its stock down on the Frankfurt Stock Exchange.
The owner of the brands Schwarzkopf, Diadermine or Le Chat announced this morning that it had generated operating income last year down 13.7% to 2.3 billion euros.
On a per share basis, its annual profit stands at 3.90 euros, below the 3.92 euros targeted by the consensus.
Its turnover amounted to 22.4 billion euros for the full year, which shows organic growth of 8.8%.
Henkel said it is aiming for 2023 organic sales growth of between 1% and 3% and an operating margin ranging from 10% to 12%, objectives broadly in line with forecasts established by analysts.
‘However, these figures stand out well below the objectives that the group has set for the medium term, namely organic growth of 3% to 4% for an operating margin of 16%’, note the RBC teams. .
Following this publication, the title lost 1.5% around 10:20 am in Frankfurt while the DAX nibbled 0.2% and the European sector index took almost 1%.
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