Henkel now seems to have some better visibility, which has allowed it to re-instate a FY 2020 guidance. Organic sales growth is above current street expectations, while the EBIT margin is more or less at the mid-point to the provided bandwidth. The new guidance indicates some moderate improvement qoq. We expect the guidance will be challenged as the normal flu season approaches the Northern Hemisphere and new COVID-19 cases are rising fast.
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FY guidance re-instated
Henkel now seems to have some better visibility, which has allowed it to re-instate a FY 2020 guidance. Organic sales growth is above current street expectations, while the EBIT margin is more or less at the mid-point to the provided bandwidth. The new guidance indicates some moderate improvement qoq. We expect the guidance will be challenged as the normal flu season approaches the Northern Hemisphere and new COVID-19 cases are rising fast.