# Henkel trims earnings outlook on raw material price spike
Author: Pal sinha, Barnali
Author URL: https://startupobserver.com/author/pal-sinha-barnali/
Published: 2021-11-08
Category: Business
Category URL: https://startupobserver.com/category/business/
Meta Title: Henkel Cuts Earnings Outlook Due to Raw Material Prices Surge
URL: https://startupobserver.com/henkel-trims-earnings-outlook-on-raw-material-price-spike/

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BERLIN (Reuters) – German consumer goods group Henkel trimmed its full-year earnings outlook on Monday, saying it could not fully compensate for a spike in raw material prices and it also [expects](https://startupobserver.com/lufthansas-eurowings-sees-positive-operating-result-in-fy-23/) an impact from changes in foreign exchange rates.

The maker of Persil detergent and Schwarzkopf hair care products said it still expects 2021 [organic](https://startupobserver.com/consumer-health-giant-haleon-sees-higher-revenue-in-2024/) sales growth of 6-8% after third-quarter sales rose an organic 3.5% to 5.1 [billion](https://startupobserver.com/munich-re-q1-net-profit-up-68-in-line-with-preliminary-figures/) euros ($5.89 billion), in line with average analyst forecasts.

(Reporting by Emma Thomasson; Editing by Riham Alkousaa)


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