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Markets News

Henkel expects pandemic to leave its mark on the fourth-quarter

BERLIN, Nov 10 (Reuters) - German consumer goods group Henkel on Tuesday said it still expects the coronavirus pandemic to weigh on its results for the final three months of the year, as it reported organic sales growth of 3.9% for the third quarter.

“We assume that we will continue to feel the negative impacts of the pandemic in the fourth quarter,” Chief Executive Carsten Knobel said in a statement, adding that he did not, however, expect to see further extensive lockdowns like those experienced in the second quarter.

Henkel reported third-quarter organic sales growth of 3.9% to 4.99 billion euros ($5.90 billion), helped by a recovery in its retail beauty care business and demand for laundry detergents and household cleaners. ($1 = 0.8457 euros) (Reporting by Caroline Copley Editing by Michelle Adair)

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