By Cecilia Butini
Shares in Henkel fell in opening trade on Friday after the German home and personal-care products company outlined targets for 2022 that fell short of current consensus.
The company's outlook for the current year takes into account what Henkel described as a continuing tense situation in the markets for raw materials and in supply chains, as well as significant price increases when spelling out targets.
The company now expects organic sales growth between 2% and 4% in 2022, compared with a consensus estimate that had the metric at 4%. The margin of earnings before interest and taxes is seen between 11.5% and 13.5%, compared with the company-provided consensus of 13.6%.
Henkel said that adjusted earnings per share is also expected to show a negative development compared with consensus.
Shares at 0901 GMT were down 7.6% at EUR72.76.
Write to Cecilia Butini at firstname.lastname@example.org
(END) Dow Jones Newswires
January 28, 2022 04:17 ET (09:17 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.