Henkel chief executive says clouded economic outlook makes planning tough
Reuters
Published Oct 05, 2022 06:31
Updated Oct 05, 2022 06:41
BERLIN (Reuters) - A clouded economic outlook means it is impossible for Henkel to plan for the coming weeks with certainty at the moment, the chief executive of the chemical and consumer goods company told the Frankfurter Allgemeine Zeitung.
"We live in a time when it is impossible to reliably plan what will happen in the coming weeks," Carsten Knobel told the newspaper in comments published on Wednesday.
"We are still assuming cost increases in the mid-20 percent range, which has been consolidated at this level over the past months," he added. "But it is still too early to say how things will go in 2023."
Last month, Henkel raised its 2022 outlook for organic sales based on strong sales growth in its adhesives unit.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.