News Digest / Ticker: HENOY

Ticker: HENOY

04:35am, Tuesday, Aug 13, 2024

Henkel's Shares Soar 0.5% on Strong Q2 Results and Impressive Margin Growth, But Challenges Loom Ahead

Henkel (ETR: HNKG_p) shares rose 0.5% to €78.43 after strong Q2 results showed a 600bps gross margin increase, surpassing Unilever. Analysts anticipate a 16% operating margin by 2026, despite inflation and geopolitical challenges. Full-year growth forecasts remain intact.