Henkel Trims Profit Outlook As Foreign Exchange Rates Bite
Published on Aug 16 2018 8:50 AM in A-Brands tagged: Featured Post / Henkel / persil / Schwarzkopf / Loctite / Paywall / Foreign Exchange
German consumer goods firm Henkel lowered its forecast for earnings growth in 2018 on Thursday after falling emerging market currencies and higher prices for raw materials dented its second-quarter results.
Henkel's shares, which had gradually recovered since the firm reported delivery problems in North America in March, were indicated down 3.3% in pre-market trade at brokerage Lang & Schwarz.
Sales Increase
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!
