Report
Virginie Roumage

HENKEL: 2020 to remain very challenging | NEUTRAL | EUR89 vs. EUR91 (+9%)

HENKEL - NEUTRAL | EUR89 vs. EUR91 (+9%)
2020 to remain very challenging

2019 results: slight miss on the EBIT margin side
Guidance
FV cut to EUR89 from vs EUR91
Underlying
HENKEL AG & CO KGAA VORZUG

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Virginie Roumage

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