Henkel raises FY EPS forecast after sales pick up in Q3

Henkel raises FY EPS forecast after sales pick up in Q3

Henkel has reported organic sales growth of 3 percent to €4.98 billion in the penultimate quarter, according to a report published by Reuters.

Despite missing analyst expectations on sales and profit, the German FMCG manufacturer raised its forecast for adjusted earnings per share from between 7 and 9 percent to 9 percent. Henkel also confirmed that it expects organic sales growth of 2 to 4 percent over the year, although beauty is expected to deliver flat growth below this range.

Net profit was down in the third quarter, and CEO Hans Van Bylen warned that currency effects will have an increasingly negative impact on return and difficult conditions in the consumer goods market were likely to persist.

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