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MarketScreener Homepage  >  Equities  >  Xetra  >  Henkel AG & Co. KGaA    HEN   DE0006048408

HENKEL AG & CO. KGAA

(HEN)
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Henkel Shares Drop as Growth Prospects Fade

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08/13/2019 | 05:16am EDT

By Anthony Shevlin

Shares in Germany's Henkel AG & Co. KGaA (HEN.XE) trade sharply lower after the company cut its full-year growth guidance on Tuesday, as previous expectations of an increase in industrial demand in the second half have dissipated.

The German consumer-goods company--which makes Dial soap and Purex laundry detergent--now sees full-year organic sales growth between 0% and 2%, down from previous guidance of between 2% and 4%.

At 0859 GMT, shares in Henkel traded 5.7% lower at EUR86.22.

The company said earnings in the second quarter fell due to a decline in key industries such as automotive. Earnings before interest and taxes came to 756 million euros ($846.4 million) compared with EUR814 million the year prior.

Henkel is the latest in a line of German companies to lower targets in light of a slowdown in the automotive sector.

Last month Daimler AG issued its second profit warning in less than a month. The same week German chemical giant BASF SE slashed its profit forecasts, citing sluggish demand in the automotive market. Bernstein analysts said BASF could face more pain in the second half due to the declining sector.

Schaeffler in July lowered its views for the full year as a result of weakness in the global automotive business and Continental AG last week said it doesn't expect any upturn in the market over the short to medium term.

Bernstein analysts said Henkel's second-quarter results were another disappointment.

"The new big question is if the sustained terrible operating results will induce dramatic changes, which we do not anticipate in the short term," it said.

Jefferies said Henkel's misery continues following a poor second quarter, with no recovery in industrial production expected in the second half--a key demand engine for its adhesives unit.

Despite the troubled economic outlook, Henkel said it will continue to implement its strategic priorities and execute its planned growth investments.

"We focus on strengthening our businesses and will further increase our competitiveness to deliver sustainable profitable growth," said Henkel Chief Executive Hans Van Bylen.

Write to Anthony Shevlin at anthony.shevlin@dowjones.com; @anthony_shevlin

Stocks mentioned in the article
ChangeLast1st jan.
BASF SE -1.74% 54.19 Delayed Quote.-19.54%
CONTINENTAL AG -3.95% 90 Delayed Quote.-21.92%
DAIMLER AG -1.98% 45.48 Delayed Quote.-7.88%
E.ON SE -0.70% 9.686 Delayed Quote.1.70%
HENKEL AG & CO. KGAA -1.17% 89.5 Delayed Quote.-2.93%
HENKEL AG & CO. KGAA -0.90% 77.35 Delayed Quote.-7.92%
SCHAEFFLER -2.32% 5.685 Delayed Quote.-40.95%
THE GLOBAL LTD. 1.56% 195 End-of-day quote.-58.60%
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Financials
Sales 2020 18 969 M 22 457 M 22 457 M
Net income 2020 1 572 M 1 861 M 1 861 M
Net Debt 2020 1 761 M 2 084 M 2 084 M
P/E ratio 2020 24,1x
Yield 2020 1,89%
Capitalization 35 699 M 42 353 M 42 264 M
EV / Sales 2020 1,97x
EV / Sales 2021 1,86x
Nbr of Employees 52 450
Free-Float 62,7%
Chart HENKEL AG & CO. KGAA
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Henkel AG & Co. KGaA Technical Analysis Chart | MarketScreener
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Technical analysis trends HENKEL AG & CO. KGAA
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 84,10 €
Last Close Price 89,50 €
Spread / Highest target 18,4%
Spread / Average Target -6,03%
Spread / Lowest Target -31,9%
EPS Revisions
Managers
NameTitle
Carsten Knobel Chief Executive Officer
Simone Bagel-Trah Chairman-Supervisory Board
Marco Swoboda Chief Financial Officer
Michael Kaschke Member-Supervisory Board
Jutta Bernicke Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
HENKEL AG & CO. KGAA-7.92%42 641
HENKEL AG & CO. KGAA-2.93%42 641
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H.B. FULLER COMPANY-3.86%2 618
LINTEC CORPORATION5.85%1 732
HUBEI HUITIAN NEW MATERIALS CO., LTD.41.03%851