(CercleFinance.com) – The stock posted a gain of almost 1.6% at the end of the day after the announcement of its results and its new objectives.
UBS remains neutral on the value and confirms its target price of 62 E. The analyst believes that the strong momentum does not impress for the moment.
“Henkel is expected to exceed its full-year 2022 guidance, but continued macroeconomic uncertainties and slow progress in the consumer products sector will weigh on the stock’s valuation,” UBS said.
In the first nine months of the year, sales reached €16.9 billion, up 9.7% organically compared to the first nine months of the previous year.
Henkel has raised its 2022 guidance and now expects organic sales growth of between 7 and 8% (compared to 5.5 to 7.5% previously), and an EBIT margin of between 10 and 11% (compared to 9 to 11% previously). Finally, adjusted EPS is expected to decline by 15 to 25% against an expected decline of between 15 and 35% previously.
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