×
870
Fashion Jobs
EASY JOB CENTRE
Senior Business Analyst (Garment Manufacturer) (Ref no.: 055469)
Permanent · HONG KONG
EASY JOB CENTRE
Garment Technician (Woven) (Ref no.: 039588)
Permanent · HONG KONG
EASY JOB CENTRE
Sales Executive (Trims) (Ref no.: 055612)
Permanent · HONG KONG
EASY JOB CENTRE
Diamond Sales Executive (Hong Kong & ap) (Fine Jewelry) (Ref no.: 051416)
Permanent · HONG KONG
EASY JOB CENTRE
Senior IT Manager (Corporate Systems) (Garment) (Ref no.: 055468)
Permanent · HONG KONG
EASY JOB CENTRE
Quality Control Manager(Woven) (Ref no.: 052865)
Permanent · HONG KONG
EASY JOB CENTRE
Assistant IT Manager (Garment) (Ref no.: 054657)
Permanent · HONG KONG
EASY JOB CENTRE
Senior Sales Executive (Fine Jewellery) (Ref no.: 044839)
Permanent · HONG KONG
EASY JOB CENTRE
Supply Chain Manager (Trims) (Ref no.: 055810)
Permanent · HONG KONG
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandising Manager (Woven High Fashion)
Permanent ·
AC LINK RECRUITMENT
Merchandising Manager (Retail)
Permanent · Hong Kong
PINE RECRUITMENT LIMITED
Buyer / Senior Buyer - Menswear
Permanent · HONG KONG
UNIVERSAL DESIGN (INTERNATIONAL) LIMITED
Promotion / Hpp / Visual Merchandising Manager
Permanent · HONG KONG
EASY JOB CENTRE
Sales And Marketing Executive (Knit Fabric) (Ref no.: 054128)
Permanent · HONG KONG
EASY JOB CENTRE
Senior Sales Executive (Knit Fabric) (Ref no.: 054129)
Permanent · HONG KONG
EASY JOB CENTRE
Associate Sales And Marketing Executive (Knit Fabric) (Ref no.: 049221)
Permanent · HONG KONG
EASY JOB CENTRE
Merchandising Manager (Sweater) (Ref no.: 054695)
Permanent · HONG KONG
EASY JOB CENTRE
Assistant Merchandising Manager (Sweater) (Ref no.: 054710)
Permanent · HONG KONG
EASY JOB CENTRE
Sales Manager (Garment, Woven/ Denim) (Ref no.: 040735)
Permanent · HONG KONG
BESTEAM PERSONNEL CONSULTANCY LTD.
Technical Manager-- (Garment – Station in Dongguan Office)
Permanent ·
EASY JOB CENTRE
Technical Manager (Woven)
Permanent · HONG KONG
EASY JOB CENTRE
Director (Woven - R&D) (Ref no.: 055733)
Permanent · HONG KONG

Henkel sales fall in beauty care

By
Reuters API
Published
today Nov 14, 2019
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

German consumer goods company Henkel reported another quarter of decline on Thursday as its beauty unit battled fierce competition in western Europe and destocking in China.


Photo: Syoss, a Henkel brand


Henkel's overall sales fell by a like-for-like 0.3% to 5.077 billion euros (£4.370 billion) versus average analyst forecasts of 5.1 billion euros. Adjusted earnings per preferred share dropped 9.5% to 1.43 euros, versus a 1.45 euro consensus.

Shares in Henkel, which have risen 14% in the last three months, were down 1.5% at 0903 GMT.

Last month, Henkel announced that Chief Financial Officer Carsten Knobel would take over as CEO from Van Bylen in January after a string of poor results.

Fading beauty



Henkel's struggling beauty business, which makes Schwarzkopf shampoo and Dial soap, reported another fall in organic sales of 2.2%, which the company blamed on fierce competition in western Europe and destocking in China.

Analysts have suggested Henkel should consider selling or spinning off beauty products. but the founding family, which owns around 60% of the company's voting shares, is seen as unlikely to take such a radical step.

Instead, Henkel has been buying up new brands, including earlier this month adding DevaCurl, a premium professional brand for curly hair.

Van Bylen declined to comment on speculation Henkel might be interested in Coty Inc's Wella brand, but added that acquisitions remained part of the company's strategy in general.

The company was also hit by a slowdown in automotives and at its adhesives unit, which accounts for half its sales, where sales fell 2.4%.

Henkel reiterated its 2019 forecast for group organic sales growth of between zero and 2% and for adjusted earnings per preferred share (EPS) to fall by a mid- to high single-digit percentage at constant exchange rates.

 

© Thomson Reuters 2019 All rights reserved.