HENKEL: Q1 expected to be penalized by Adhesives | NEUTRAL | EUR104 vs. EUR105
HENKEL - NEUTRAL | EUR104 vs. EUR105 (+15%)Q1 expected to be penalized by Adhesives
Adhesives: deterioration of the environment
Consumer: modest recovery driven by Laundry & Home Care
1% organic sales growth expected in Q1 (+2.2% in Q4 2018)
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.
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