|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||20.39 - 20.48|
|52 Week Range||14.29 - 21.23|
|Beta (5Y Monthly)||0.56|
|PE Ratio (TTM)||25.85|
|Forward Dividend & Yield||0.51 (2.49%)|
|Ex-Dividend Date||Apr 25, 2023|
|1y Target Est||N/A|
The consumer goods group did not disclose the amount of losses but pointed out that the currency exchange effect would play a role in the transaction. On Thursday evening, Henkel announced that it had sold its business in Russia to a consortium of local financial investors for 600 million euros ($657.54 million), as it finalises its exit from the country. The maker of Persil washing detergents and Pritt glue has been active in Russia for more than 30 years and most recently operated 11 production sites there.
The Procter & Gamble, Colgate-Palmolive, Henkel AG, Church & Dwight and The Clorox are part of the Zacks Industry Outlook article.
The soap and cleaning materials industry looks poised for growth on robust demand, pricing initiatives, innovation, digital transformation and brand building, while elevated costs remain headwinds. Players like PG, CL, HENKY, CHD and CLX seem well-poised.
Germany's Henkel said on Tuesday that it expects slower industrial and consumer demand to curtail sales growth this year after price increases helped organic sales to jump 8.8% in 2022. Shares in the consumer goods company opened 2.5% lower on Tuesday in response to the announcement. Henkel forecast organic sales to grow between 1% and 3% from the 22.39 billion euros ($23.91 billion) reached in 2022.
Germany's Henkel wants to significantly expand its consumer goods business after merging its cosmetics and detergents divisions, Chief Executive Carsten Knobel told WirtschaftsWoche in an interview. "We have a clear strategy to grow in the consumer business both organically and through acquisitions," he said in the interview published on Thursday. Knobel also told WirtschaftsWoche the group wants to sell its Russian business quickly.
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.
Germany's Henkel on Tuesday increased its full-year sales and profit guidance after reporting a 17% sales increase to 5.98 billion euros ($5.98 billion) in the third quarter, which was helped by price increases for its adhesives products. The chemical and consumer goods company said it now expects organic sales growth of seven to eight percent after previously forecasting an increase of 5.5-7.5%. Adjusted return on sales is now forecast to be at 10-11% this year instead of 9-11%.
NORTHAMPTON, MA / ACCESSWIRE / October 6, 2022 / Henkel Employee Resource Groups (ERGs) are an important part of company culture. They help build community and engage different perspectives with the goal of encouraging positive change within and ...
A clouded economic outlook means it is impossible for Henkel to plan for the coming weeks with certainty at the moment, the chief executive of the chemical and consumer goods company told the Frankfurter Allgemeine Zeitung. "We live in a time when it is impossible to reliably plan what will happen in the coming weeks," Carsten Knobel told the newspaper in comments published on Wednesday. Last month, Henkel raised its 2022 outlook for organic sales based on strong sales growth in its adhesives unit.
Germany's Henkel raised its 2022 outlook for organic sales based on strong sales growth in its adhesives unit, the company said on Tuesday. The chemical and consumer goods company now expects organic sales growth of between 5.5% and 7.5% from a previous range of 4.5% to 6.5%, Henkel said on its Capital Markets Day. The company had also raised its 2022 organic sales outlook in August on the back of a sales boost during the first half.
Colgate-Palmolive, Reckitt Benckiser Group and Henkel AG are part of Zacks Industry Outlook article.
Soap and cleaning materials companies continue to struggle with elevated logistics, input and manufacturing costs amid supply-chain issues. Innovation and hygiene campaigns are likely to drive growth for players like Colgate (CL), Reckitt (RBGLY) and Henkel (HENKY).