(CercleFinance.com) – Henkel again raised its forecast for the full year on Tuesday ahead of an investor day held at its Düsseldorf headquarters.
The German manufacturer of everyday consumer goods now says it is aiming for organic growth of between 5.5% and 7.5% over the financial year, against +4.5% to +6.5% previously.
This is the third time since the start of the financial year that the German group has revised its growth target upwards, which was initially set at +2%/4% before being raised to +3.5 %/5.5%, then +4.5%/6.5%.
‘However, these new objectives are only driven by the branch of adhesives and are in line (or even slightly below) the Alpha consensus which stands at 7%’, temper RBC analysts this morning.
These announcements caused the action to decline by 0.9% on Tuesday morning on the Frankfurt Stock Exchange, in the soft underbelly of the DAX index of the 40 major German stocks which, for its part, fell by 0.1%.
The title has lost 13% since the start of the year, against a fall of 19% for the DAX.
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