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Henkel CEO expects sales decline in southern Europe
August 1, 2012 / 9:09 AM / 5 years ago

Henkel CEO expects sales decline in southern Europe

FRANKFURT, Aug 1 (Reuters) - German consumer goods group Henkel expects a moderate decline in sales in southern Europe for the coming years, its chief executive said on Wednesday.

“We see it as long-term crisis in southern Europe, and by that I mean Greece, Spain, Italy, Portugal. We don’t see it getting better in the short term,” Kasper Rorsted told journalists after the group reported second-quarter results. (Reporting by Victoria Bryan)

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