Equity Analysts

Numerous German as well as international financial analysts monitor Henkel's  performance. The following list includes banks and securities companies that publish regular research reports on Henkel. This list does not claim to be exhaustive.

Institution Name
Baader Bank Christian Weiz
Bankhaus Lampe Michael Gorny
Bank of America Merrill Lynch Pinar Ergun
Barclays Simon Hales
Berenberg James Targett
Bernstein Andrew Wood
BTIG April Scee
Citi Toby McCullagh
Commerzbank Andreas Riemann
Credit Suisse Nicolas Sochovsky
Deutsche Bank Harold Thompson
DZ Bank Herbert Sturm
ESN Research (Equinet) Nadeshda Demidova
Exane BNP Paribas Eamonn Ferry
Goldman Sachs Rosie Edwards
HSBC Cédric Besnard
Independent Research Zafer Rüzgar
LBBW Barbara Ambrus
Jefferies Alex Howson
JP Morgan  Celine Pannuti
Macquarie Capital Christian Faitz
MainFirst Gael Colcombet
Metzler Peter Steiner
Morgan Stanley Erik Sjogren
Nomura Guillaume Delmas
NordLB Julia Siekmann
Raymond James Hermine de Bentzmann
SG Securities Chas Manso
Standard & Poor's Carl Short
UBS Eva Quiroga
Warburg  Jörg Philipp Frey

Disclaimer
The analyses prepared by the banks and securities companies listed above are not based on Henkel research and are completely outside the influence and control of Henkel AG & Co. KGaA.  These analyses solely reflect the opinions, estimates, forecasts or recommendations of the above-mentioned institutions, or those of their employees, relating to Henkel’s performance and capabilities, and do not represent the opinion, estimate, forecast or any form of recommendation of or by Henkel AG & Co. KGaA or its management.

The fact that Henkel AG & Co. KGaA makes reference to these institutions neither implies, nor should be inferred to signify, that Henkel AG & Co. KGaA or its management confirms or approves the content of the analyses prepared by these institutions or their employees. Henkel assumes no liability for the selection, validity, completeness or correctness of the listing or of the analyses prepared by the listed banks and securities companies. The listing has been provided solely for information only, without responsibility, and should not be regarded as soliciting or promoting the purchase, sale or holding of Henkel shares.