DGAP-Adhoc: Henkel AG & Co. KGaA: Henkel withdraws forecast for fiscal 2020 / Impact on business performance in 2020 due to COVID-19 currently not predictable
DGAP-Ad-hoc: Henkel AG & Co. KGaA / Key word(s): Forecast Düsseldorf, 2020-04-07T17:30+02:00 (MESZ) Impact on business performance in 2020 due to COVID-19 currently not predictable Across all business units and functions, Henkel is responding to the crisis triggered by the COVID-19 pandemic with specific measures. Nevertheless, it is currently not possible to predict with sufficient reliability over what period and to what extent Henkel will face further impacts in fiscal 2020, and to what extent these can be offset by countermeasures. The health and safety of our employees, customers and businesspartners have the highest priority. As soon as it is possible to make a sufficiently reliable evaluation of the future business performance in 2020, Henkel will publish a corresponding forecast. The development of Henkel in the first quarter of 2020 is already impacted by the effects of the COVID-19 pandemic. Based on preliminary results, Henkel expects overall organic sales growth for the Group of -0.9 percent in the first quarter of 2020. For the Adhesive Technologies business unit, Henkel expects organic sales growth of -4.1 percent for the first quarter. In this business, demand declined particularly in the automotive industry. Thanks to strong demand for Laundry & Home Care products, Henkel expects that the business unit has achieved organic sales growth of 5.5 percent in the first quarter. Beauty Care is expected to report a decline in organic sales of -3.9 percent. While the hair salon business was significantly impacted by the closure of hairdressing stores ordered by many authorities, the organic sales growth of the retail business compared to the previous year was stable. Henkel will publish its financial results for the first quarter of 2020 on May 11, 2020. Henkel AG & Co. KGaA
For further financial instruments see www.henkel.com/ir
07-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Henkel AG & Co. KGaA |
Henkel Str. 67 | |
40191 Düsseldorf | |
Germany | |
Phone: | +49 (0)211 797-0 |
Fax: | +49 (0)211 798-4008 |
E-mail: | [email protected] |
Internet: | www.henkel.de |
ISIN: | DE0006048432, DE0006048408 |
WKN: | 604843, 604840 |
Indices: | DAX |
Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange |
EQS News ID: | 1017617 |
End of Announcement | DGAP News Service |
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1017617 07-Apr-2020 CET/CEST
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