Top Stories
Top Stories
Wires

Henkel results disappoint as beauty, adhesives lag

BERLIN, May 7 (Reuters) - German consumer goods company Henkel reported a disappointing quarter of earnings and sales on Tuesday as its adhesives business was hit by falling industrial production and its beauty unit underperformed in western Europe and China.

The maker of Schwarzkopf shampoo and Persil detergent saw sales rise by an organic 0.7 percent to 4.97 billion euros ($5.57 billion), while earnings per share fell 6 percent to 1.34 euros, versus analyst consensus for 4.99 billion and 1.37 euros.

However, Henkel said it still confirmed its outlook for organic sales growth of between 2 and 4 percent in 2019 and for adjusted EPS to fall by a mid-single digit percentage.

($1 = 0.8919 euros)

(Reporting by Emma Thomasson Editing by Thomas Seythal)