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Henkel AG & Co. KGaA
Earnings Release • Mar 19, 2018
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Earnings Release
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Ad-hoc | 19 March 2018 08:00
Henkel AG & Co. KGaA: Slow start in the first quarter 2018 due to delivery difficulties in the consumer goods businesses in North America – Full-year outlook 2018 confirmed for the Group
Henkel AG & Co. KGaA / Key word(s): Quarter Results
Henkel AG & Co. KGaA: Slow start in the first quarter 2018 due to delivery difficulties in the consumer goods businesses in North America – Full-year outlook 2018 confirmed for the Group
19-March-2018 / 08:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Düsseldorf, 2018-03-19T07:30+01:00 (CET)
Slow start in the first quarter 2018 due to delivery difficulties in the consumer goods businesses in North America – Full-year outlook 2018 confirmed for the Group
In the first quarter 2018, delivery difficulties in North America adversely affected Henkel’s consumer goods businesses. The problems in the supply chain are due to a change in the transportation and logistics systems used by Henkel’s consumer goods businesses in North America.
Henkel expects the business performance in the first quarter to be affected by these delivery difficulties. At the same time, Henkel confirms its full-year outlook 2018 for the Group.
The causes of the delivery difficulties in the North American consumer goods businesses have been identified and are currently being solved. Henkel expects to return to its usual service level in the course of the second quarter. The Adhesive Technologies business as well as the Hair Professional business are not affected and show a very good development.
Based on current forecast, Henkel expects that the Laundry & Home Care and Beauty Care business units will close the first quarter with negative organic sales growth due to the delivery difficulties in North America. In contrast, the Adhesive Technologies business unit, which generates around half of Group sales, continues to show strong development. Overall, organic sales growth for the Group in the first quarter of 2018 is expected to be slightly positive.
Despite a slow start to the year, Henkel confirms its Group outlook for full fiscal 2018. Organic growth should still be in the range of 2 to 4 percent, while Henkel expects for the Beauty Care business unit positive organic sales growth below this range. In respect of adjusted return on sales (EBIT), Henkel expects an increase to more than 17.5 percent. Adjusted earnings per preferred share should increase by between 5 and 8 percent.
Henkel will publish the results of its first quarter on May 9, 2018.
Henkel AG & Co. KGaA
Further information on financial instruments issued by Henkel
| Company: | Henkel AG & Co. KGaA |
| Contact: | Heinz Nicolas Dept. : CLC / Phone : +49 211 797 4516 Email : [email protected] |
| Postal address: | 40191 Düsseldorf, Germany |
| Henkel preferred share: | ISIN DE0006048432 // WKN 604843 |
| Henkel ordinary share: | ISIN DE0006048408 // WKN 604840 |
| Stock markets: | Regulated market (Prime Standard) on all eight German stock exchanges |
For details of further financial instruments, please go to www.henkel.com/ir
This document contains forward-looking statements which are based on the current estimates and assumptions made by the corporate management of Henkel AG & Co. KGaA. Forward-looking statements are characterized by the use of words such as expect, intend, plan, predict, assume, believe, estimate, anticipate, forecast and similar formulations. Such statements are not to be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and the results actually achieved by Henkel AG & Co. KGaA and its affiliated companies depend on a number of risks and uncertainties and may therefore differ materially from forward-looking statements. Many of these factors are outside Henkel’s control and cannot be accurately estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. Henkel neither plans nor undertakes to update forward-looking statements.
19-March-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Henkel AG & Co. KGaA |
| Henkel Str. 67 | |
| 40191 Düsseldorf | |
| Germany | |
| Phone: | +49 (0)211 797-0 |
| Fax: | +49 (0)211 798-4008 |
| E-mail: | [email protected] |
| Internet: | www.henkel.de |
| ISIN: | DE0006048432, DE0006048408 |
| WKN: | 604843, 604840 |
| Indices: | DAX |
| Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange |
| End of Announcement | DGAP News Service |