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Henkel shares drop after Reuters interview reveals poor Q4 11.18.2009 Henkel’s financial director disappointed investors and sent shares in the $20 billion German consumer goods group lower after an exclusive Nov. 18 interview with Reuters in which he revealed that a recovery at its key adhesives division faltered in the fourth quarter, causing its shares to tumble over 2 percent. Financial Director Lothar Steinebach told Reuters the division, which makes up nearly half the German group’s annual sales, had seen a worse fall in sales in its Q4 compared with Q3. This wrong footed analysts. Top rated Andrew Wood at Sanford Bernstein had looked for sales growth of 2.3 percent, but Steinebach said Q4 sales would be between Q3s minus 7.6 percent and Q2s minus 15.4 percent. The shares had traded up 2.6 percent at 33.75 euros on the day in a long run up from a low of 17.50 euros in March, but after the story they reversed to end flat at 32.89 euros. MARKET IMPACT Henkel's shares tumbled over 2 percent Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here	firsts across any industry Commodities & Energy Energy, metals, agricultural and environmental markets FX & Money Markets Macroeconomics, monetary policy, FX and money markets Politics & Risk Politics and political risk Equity & Derivatives Companies, sectors, M&A and the financial industry Fixed Income Sovereign and corporate debt, credit, and ratings firsts by region Americas View stories from this region Europe / Middle East / Africa View stories from this region Asia View stories from this region Emerging Markets View stories from this region

Equity & Derivatives

Companies, sectors, M&A and the financial industry

Henkel shares drop after Reuters interview reveals poor Q4

11.18.2009

Henkel’s financial director disappointed investors and sent shares in the $20 billion German consumer goods group lower after an exclusive Nov. 18 interview with Reuters in which he revealed that a recovery at its key adhesives division faltered in the fourth quarter, causing its shares to tumble over 2 percent. Financial Director Lothar Steinebach told Reuters the division, which makes up nearly half the German group’s annual sales, had seen a worse fall in sales in its Q4 compared with Q3. This wrong footed analysts. Top rated Andrew Wood at Sanford Bernstein had looked for sales growth of 2.3 percent, but Steinebach said Q4 sales would be between Q3s minus 7.6 percent and Q2s minus 15.4 percent. The shares had traded up 2.6 percent at 33.75 euros on the day in a long run up from a low of 17.50 euros in March, but after the story they reversed to end flat at 32.89 euros.