# Henkel trims earnings outlook on raw material price spike
Published: 2021-11-08
Category: Business
Category URL: https://blockchaintribune.com/category/business/
Meta Title: Henkel trims earnings outlook due to raw material prices and forex rates
Meta Description: Henkel, maker of Persil and Schwarzkopf products, adjusts earnings to account for material prices and exchange rates. Sales growth remains strong.
URL: https://blockchaintribune.com/henkel-trims-earnings-outlook-on-raw-material-price-spike/

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[BERLIN](https://blockchaintribune.com/german-network-regulator-names-2nd-managing-director-of-rosneft-deutschland/) (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](https://blockchaintribune.com/bosch-expects-sales-in-core-mobility-division-to-grow-10-in-2023/) 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](https://blockchaintribune.com/sun-and-holidays-boost-uk-supermarket-spending-but-asda-struggles-says-niq/) 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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