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BUSINESS

Henkel trims earnings outlook on raw material price spike

BERLIN (Reuters) – German consumer goods group Henkel trimmed its full-year earnings outlook on Monday, saying it could not fully compensate for a spike in raw material prices and it also expects an impact from changes in foreign exchange rates.

The maker of Persil detergent and Schwarzkopf hair care products said it still expects 2021 organic sales growth of 6-8% after third-quarter sales rose an organic 3.5% to 5.1 billion euros ($5.89 billion), in line with average analyst forecasts.

(Reporting by Emma Thomasson; Editing by Riham Alkousaa)

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