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Henkel FY22 Profit Down, Sees Slower Organic Sales Growth In FY23; Stock Down

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Shares of Henkel AG & Co. KGaA were losing around 3 percent in the morning trading in Germany after the chemical and consumer goods firm reported Tuesday weak earnings in its fiscal 2022, despite increased sales. Further, the company maintained its dividend, and said it sees slower organic sales growth in fiscal 2023.

For fiscal 2023, Henkel expects organic sales growth would be between 1.0 and 3.0 percent, compared to fiscal 2022 organic sales growth of 8.8 percent.

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