August 12, 2014 / 6:36 AM / 3 years ago

Henkel CEO says Russia slowdown to start in H2

1 Min Read

FRANKFURT, Aug 12 (Reuters) - German consumer group Henkel's Chief Executive Kasper Rorsted expects to start feeling the impact of the Russia-Ukraine crisis in the second half of the year.

"In the first half we didn't see a slowdown in Russia, surprisingly. But we do expect a slowdown now," he told Reuters Insider TV in an interview after Henkel reported quarterly financial results on Tuesday.

But he said the company's 2014 outlook for high single-digit percentage growth in adjusted earnings per preferred share was not at risk due to the weaker prospects in eastern Europe.

Reporting by Maria Sheahan; Editing by Ludwig Burger

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below