UPDATE 1-Henkel offers cautious 2015 guidance on Russia concerns

miércoles 4 de marzo de 2015 03:29 GYT
 

* Shares seen down 1.4 pct in premarket

* Sees 2015 adj. EBIT margin of 16 pct vs 15.8 pct in 2014

* Expects 2015 sales growth of 3-5 percent

* Increases dividend to 1.31 euros per share (Adds details, share indication)

FRANKFURT, March 4 (Reuters) - German consumer goods group Henkel, which is prominent in Russia, struck a cautious note on its 2015 outlook as it expects stagnation in Eastern Europe and further pressure on the Russian economy and currency over the coming months.

The maker of Persil washing powder and Scharzkopf hair products expects its adjusted operating profit margin to tick slightly higher in 2015, to around 16 percent from 15.8 percent in 2014.

Russia is Henkel's fourth-largest market with annual sales of about 1.1 billion euros and 2,500 staff in the country.

In the fourth quarter 2014, the euro traded around 30 percent higher against the rouble compared to the same period of the previous year as plunging oil prices and Western sanctions over the Ukraine crisis shrivelled Russia's exports and investment inflows.

Henkel forecast 2015 organic sales growth of 3 to 5 percent, below expectations for 6.1 percent growth according to analysts polled by Reuters poll.   Continuación...