Henkel Drops 8% After Guidance Cut on Cost Inflation

• (PLX AI) - Henkel shares crashed 8% after the company cut its full-year margin outlook, blaming cost inflation.
• • Outlook FY adjusted EBIT margin 9-11%, down from 11.5-13.5% previously, even as Outlook FY organic growth 3.5-5.5%, up from 2-4% previously
• • Henkel now anticipates an increase in the mid-twenties' percentage range for the full year on material prices, up from an increase in the low teen percentage range anticipated previously
• • Q1 sales growth was strong, but the new margin guidance implies material downgrade to consensus, analysts at Goldman Sachs said