Henkel falls as soft start to the year, FX hit expected in 2026

Henkel AG & Co KgaA

11/03/2026 08:44

** Shares in Henkel HNKG.DE are down around 4% after the German consumer goods and adhesives maker said it expects continued sales growth in 2026 but with a slower start to the year and negative foreign exchange effects

** The company expects its organic sales to grow between 1.0% and 3.0% this year, compared to a 0.9% rise to 20.5 billion euros ($23.9 billion) in 2025

** J.P.Morgan says the company is flagging a soft start to the year despite the easiest year-on-year comparison in Q1

** The broker expects a 2-3% cut to consensus on 2026 EPS on the back of the foreign exchange hit of low-single digit percentage

** "While the stock retreated in the past weeks and the Q4 Consumer volumes beat is to be noted, we would expect the stock to be pressured given the EPS cuts and comments on the slow start to the year," it adds

 (Reporting by Bartosz Dabrowski in Gdansk)

 ((bartosz.dabrowski@thomsonreuters.com; +48 58 7696560;))