|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||17.70 - 17.85|
|52 Week Range||14.29 - 21.57|
|Beta (5Y Monthly)||0.58|
|PE Ratio (TTM)||25.07|
|Forward Dividend & Yield||0.50 (2.82%)|
|Ex-Dividend Date||Apr 05, 2022|
|1y Target Est||18.00|
Germany's Henkel aims to complete the sale of its Russia business soon, the supervisory board head told the Neue Zuercher Zeitung newspaper, an exit the chemical and consumer goods announced this year after Russia's invasion of Ukraine. "We have started the sale process," Simone Bagel-Trah said in an interview published on Thursday, adding Henkel had narrowed down a list of serious potential buyers after many expressed interest initially.
Henkel's Russian operation will change its name to Lab Industries from January and will act independently of the German group, a Henkel spokesperson said, confirming a report from Russia's Itar-Tass agency. "In preparation for the announced sale, it must be ensured that the local business can operate independently of Henkel's global business processes and systems," the spokesman added.
The soap and cleaning materials industry battles headwinds from elevated logistics, input and manufacturing costs. Innovation, digital growth and brand building are likely to drive players like PG, RBGLY, HENKY, CHD and CLX.