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Here you find our ad hoc announcements according to § 17 Market Abuse Regulation (“Marktmissbrauchsverordnung”) from July 3, 2016 onwards.
Former announcements were published according to §15 Wertpapierhandelsgesetz (German Securities Trading Act).
On March 2, 2017 Henkel has entered into exclusive negotiations with GCP Applied Technologies, Inc. Cambridge, MA/USA („GCP“) to acquire the global Darex Packaging Technologies business and has submitted a binding offer on a cash and debt free basis of 1,050 million US dollars (around 995 million euros).
Darex supplies high-performance sealants and coatings for the metal packaging industry around the world. It serves various global customers producing beverage, food or aerosol cans, ensuring with its solutions the highest quality standards for many best-known brands. In fiscal 2016, Darex Packaging Technologies generated sales of around 300 million US dollars (around 285 million euros). Darex has about 700 employees and 20 sites in 19 countries.
In connection with this binding offer, GCP will begin a consultation process with the relevant Works Councils and Labor Unions. Upon completion of that process, it is intended to enter into a definitive purchase and sale agreement in respect of the proposed sale. The proposed transaction will also be subject to customary closing conditions, including regulatory approvals.
Henkel has signed on June 24, 2016 an agreement to acquire all shares in the laundry and homecare company The Sun Products Corporation, based in Wilton, Connecticut, USA, from a fund of Vestar Capital Partners. The transaction is valued (purchase price including debt) at around 3.2 billion euros (3.6 billion US dollars).
The Sun Product Corporation has a portfolio of leading laundry care brands, such as all® and Sun® as well as the fabric conditioner Snuggle®. The company also develops and manufactures laundry brands for leading retailers in North America. In fiscal 2015, the company generated sales of about 1.4 billion euros (1.6 billion US dollars) in the USA and Canada. Sun Products employs approximately 2,000 people and has two production sites and one R&D center in the USA.
The closing of the transaction is subject to approval from cartel authorities and other customary closing conditions.
In today’s meeting, the Supervisory Board of Henkel Management AG in alignment with the Shareholder’s Committee agreed unanimously and by mutual agreement to Kasper Rorsted’s request to prematurely terminate his position as Chairman of the Management Board of the Henkel Management AG as personally liable partner of Henkel AG & Co. KGaA as of April 30, 2016.
As of May 1, 2016 Hans Van Bylen, member of the Management Board and responsible for Henkel’s Beauty Care business, has been appointed as Chairman of the Management Board of the Henkel Management AG. The successor of Hans Van Bylen will be announced in due course.
The change in the Management Board at this point in time will assure that the newly appointed CEO Hans Van Bylen will lead the development of and will be responsible for the next strategy cycle 2017-2020 which will be communicated by end of this year.
Abbreviation for “Kommanditgesellschaft auf Aktien.” A KGaA is a company with a legal identity (legal entity) in which at least one partner has unlimited liability with respect to the company’s creditors (personally liable partner), while the liability for such debts of the other partners participating in the share-based capital stock is limited to their share capital (limited shareholders).KGaA Schließen
Henkel AG & Co. KGaA signed an agreement with funds advised by BC Partners on June 5, 2014 to acquire all shares in the Spotless Group SAS, Neuilly-sur-Seine, France. The Spotless Group mainly operates in the areas of laundry aids (laundry sheets, stain removers, fabric dyes), insect control and household care in Western Europe. In the fiscal year 2013, the company, having about 470 employees, generated sales of about 280 million euros. The transaction, including debt, is valued at 940 million euros.
The acquisition is subject to approval from antitrust authorities and is expected to be completed in the first quarter of 2015 at the latest.
The Management Board of Henkel AG & Co. KGaA has decided in its today’s meeting to propose to the Annual General Meeting, depending on Henkel’s asset and profit positions as well as its financial requirements, a future dividend payout ratio of between 25 percent and 35 percent of net income after non-controlling interests and adjusted for exceptional items instead of currently about 25 percent. For the financial year 2013, a dividend payout ratio of about 30 percent will be proposed. Today’s Management Board resolution is subject to approval from the Supervisory Board and the Shareholders’ Committee.
Henkel will publish its results for the financial year 2013 on February 20, 2014.
Indicates what percentage of annual net income (adjusted for exceptional items) is paid out in dividends to shareholders, including non-controlling interests.Payout ratio Schließen
Proportion of equity attributable to third parties in subsidiaries included within the scope of consolidation. Previously termed “minority interests.” Valued on a proportional net asset basis. A pro-rata portion of the net earnings of a corporation is due to shareholders owning non-controlling interests.Non-controlling interests Schließen
With its strong business performance in the fourth quarter of 2009 Henkel further continued the positive trend of the prior quarters. Main contributors to these good results were the Laundry & Home Care and Adhesive Technologies business sectors which both developed better than expected. Adjusted return on sales (EBIT) further increased in the fourth quarter to 12.4 percent. As a result, Henkel concluded the 2009 recession year better than anticipated and, with the following preliminary figures, clearly exceeded the analysts’ earnings estimates as known to Henkel at the current time.
According to preliminary figures, Henkel generated sales in fiscal 2009 of around 13.57 billion euros. In organic terms, that is to say adjusted for foreign exchange and acquisitions/divestments, sales decreased by 3.5 percent compared to the prior-year level. Operating profit (EBIT) increased from 779 million euros to 1,080 million euros. Included in this figure are one-time gains/charges and restructuring charges of 284 million euros. Adjusted operating profit (EBIT) decreased from 1,460 million euros to 1,364 million euros. Earnings per preferred share (EPS) amounted to 1.40 euros. Adjusted earnings per preferred share declined from 2.19 euros to 1.91 euros.
At around 4.13 billion euros, sales of the Laundry & Home Care business sector were slightly below the prior-year level. Organic sales growth was 2.9 percent. Operating profit (EBIT) was at 501 million euros. Adjusted operating profit (EBIT) increased considerably from 450 million euros to 530 million euros. Having generated overall stables sales of around 3.01 billion euros and organic sales growth of 3.5 percent, the Cosmetics/Toiletries business sector generated operating profit (EBIT) of 387 million euros in fiscal 2009. Adjusted operating profit (EBIT) increased to 387 million euros from 379 million euros in the previous year. The Adhesive Technologies business sector registered a decrease in sales in fiscal 2009 to some 6.22 billion euros. In organic terms, sales decreased by 10.2 percent. Operating profit (EBIT) was at 290 million euros. Adjusted operating profit (EBIT) decreased from 680 million euros to 506 million euros.
For fiscal 2010 Henkel is confident of again outperforming its relevant markets in terms of organic sales growth (i.e. after adjusting for foreign exchange and acquisitions/divestments). Henkel expects both adjusted operating profit (EBIT) and adjusted earnings per preferred share (EPS) to improve noticeably compared to the prior-year figures.
Henkel will be publishing precise figures on the fourth quarter performance and on fiscal 2009 in its Annual Report, which is due to be published on February 25, 2010.
Abbreviation for Earnings before Interest and Taxes. Standard profit metric that enables the earning power of the operating business activities of a company to be assessed independently of its financial structure, enabling comparability between entities where these are financed by varying levels of debt capital.EBIT Schließen
Henkel AG & Co. KGaA announces preliminary figures for third quarter 2009. The positive development of Henkel’s consumer businesses in previous quarters continued during the third quarter of 2009. There was also a further improvement in the results of the Adhesive Technologies business sector, albeit on a significantly lower level than in the previous year.
The following preliminary figures exceed the consensus estimates of the analysts as known to Henkel at the current time.
According to preliminary figures, Henkel generated sales in the third quarter of 2009 amounting to around 3.49 billion euros. In the prior-year quarter, sales came in at 3.76 billion euros. In organic terms, that is to say adjusted for foreign exchange and acquisitions/divestments, sales decreased by 2.5 percent compared to the level of the prior-year quarter. Operating profit (EBIT) amounted to 290 million euros. Included in this figure are one-time charges and restructuring charges of 95 million euros. After adjusting for these items, adjusted operating profit (“adjusted EBIT”) fell slightly from 391 million euros to 385 million euros.
At around 1.04 billion euros, sales of the Laundry & Home Care business sector were just below the level of the prior-year quarter. Organic sales growth was 2.4 percent. Operating profit (EBIT) increased from 117 million euros to 137 million euros. Having generated slightly lower sales of around 760 million euros and organic sales growth of 3.7 percent, the Cosmetics/Toiletries business sector posted an improved operating profit (EBIT) of 100 million euros compared to 96 million euros in the same quarter of the previous year.
Due to the volume declines suffered by major customer industries, the Adhesive Technologies business sector registered a decrease in sales to some 1.63 billion euros. In organic terms, sales decreased by 7.6 percent. Operating profit (EBIT) declined from 169 million euros to 89 million euros. Adjusted operating profit amounted to 150 million euros.
The earnings development in the third quarter reflects both the stabilization in Henkel’s markets and programs on structural and cost alignment. However, it can not be expected to again achieve the strong past quarter results in the fourth quarter.
Henkel will be publishing precise figures on the third quarter performance and the outlook in its quarterly report, which is due to come out on November 11, 2009.
The start of 2009 saw the challenging world economic situation continue and this was reflected in Henkel’s business performance. While the Laundry & Home Care and Cosmetics/Toiletries businesses continue to develop very successfully, the Adhesive Technologies business sector has been affected by the worldwide difficult situation of major industry segments.
According to preliminary figures the effects of the worldwide economic crisis have resulted in an organic sales decrease of around 7 percent. Operating profit (EBIT) declined from 320 million euros to about 215 million euros, while total sales increased by around 3 percent to about 3.25 billion euros. This increase is mainly due to the acquisition of the National Starch businesses.
Sales of the Adhesive Technologies business sector decreased organically by about 19 percent. Total sales increased by around 7 percent to about 1.46 billion euros due to the businesses acquired from National Starch, while operating profit (EBIT) decreased from 150 million euros to about 45 million euros. In contrast, the Laundry & Home Care business sector increased operating profit (EBIT) from 100 million euros to about 105 million euros. At 1.01 billion euros, sales were slightly below prior-year level. Organically, sales increased slightly. The Cosmetics/Toiletries business sector increased sales organically by a good 3 percent. With sales slightly up to about 720 million euros, operating profit (EBIT) also increased disproportionately from 87 million euros to around 90 million euros.
Henkel will inform in more detail on the development in the first quarter when publishing its Q1 report on May 6, 2009.
On November 12, 2008, Henkel has - as a result of the public offering of its stake in Ecolab Inc., St. Paul/Minnesota, USA, and the share buy back by Ecolab – agreed to sell in total approximately 67.1 million shares of Ecolab common stock. Henkel will receive aggregate proceeds of approximately 2.0 billion US dollars (about 1.6 billion euros) before taxes and expenses.
In addition, the underwriters in the offering have an over-allotment option to purchase a total of approximately 5.6 million additional shares of common stock from Henkel. If the shares in the over-allotment option are sold, Henkel will receive additional aggregate proceeds of approximately 170 million US dollars (about 135 million euros) before taxes and expenses.
On November 10, 2008 Henkel entered into agreements with Ecolab Inc., St. Paul/Minnesota, USA, intended to facilitate the divestiture of its stake in Ecolab.
Ecolab has agreed to assist in the marketing of an underwritten public offering of Henkel’s stake. The registration statement will be filed today. In addition, Ecolab has agreed to repurchase at least 300 million US dollars of stock from Henkel.
Henkel increases sales and profits
Today Henkel published its annual report for fiscal 2007. Sales improved by 2.6 percent to 13,074 million euros, with all the company’s business sectors contributing. Organic sales, i.e. sales after adjusting for foreign exchange and acquisitions/divestments, were increased by a 5.8 percent.
The operating profit (EBIT) improved by 3.5 percent to 1,344 million euros, thus outstripping sales growth. After adjusting for foreign exchange, the increase was 5.8 percent, again with all the business sectors contributing. Return on sales (EBIT) increased by 0.1 percentage points to 10.3 percent. After adjusting for exceptional gains and restructuring charges, operating profit (EBIT) rose by 8.2 percent to 1,370 million euros with the corresponding return on sales figure improving 0.6 percentage points to 10.5 percent.
Net earnings for the year increased by 8.0 percent to 941 million euros. After deducting minority interests of 20 million euros, net earnings were 921 million euros (+7.7 percent). Earnings per preferred share increased from 1.99 euros to 2.14 euros (+7.5 percent).
In view of the earnings performance, the Management Board, the Supervisory Board and the Shareholders’ Committee will be proposing to the Annual General Meeting that it approve an increase in dividends from 0.50 euros to 0.53 euros per preferred share and from 0.48 euros to 0.51 euros per ordinary share.
Henkel intends once again to grow stronger than its markets and expects to achieve organic sales growth (i.e. after adjusting for foreign exchange and acquisitions/ divestments) of 3 to 4 percent in 2008. Henkel expects an increase in operating profit (EBIT) – adjusted for foreign exchange – in excess of organic sales growth. Henkel likewise expects an increase in earnings per preferred share (EPS) in excess of organic sales growth.
This outlook does not take into account the effects of the planned acquisition of the Adhesives and Electronic Materials businesses of National Starch.
The Management Board decided – with the approval of the Shareholder’s Committee as of February 27 to undertake the divestiture of all or part of its stake in Ecolab Inc., St. Paul, Minnesota, USA. No final decision has been taken at this time as to the size, the timing and the method of any such divestiture, which would be carried out in accordance with the Stockholder's Agreement between Henkel and Ecolab.
Ecolab, in which Henkel holds a 29.4 percent stake, reported sales of 5,470 million US dollars for fiscal 2007. As of December 31, 2007 the market value of this interest amounted to approx. 3,723 million US dollars (approx. 2.5 bn euros), though no assurance can be given that a divestiture of the stake would yield proceeds in this amount.
Against the background of changing market conditions, especially with regard to ever stronger competition and increasing cost pressure, the Henkel Management Board has decided, with the approval of the Shareholders’ Committee as of February 27, 2008, the basics of an efficiency enhancement program.
The program, which will be initiated on a worldwide level, is to define projects in all business sectors, regions and functions with the aim to sustainably strengthen both Henkel’s profitability and long-term competitiveness. The initiative, with a volume of about 500 million euros, is designed to generate annual savings of around 150 million euros from 2011. Based on experience from similar programs carried through in the past, these measures could result in the reduction of about 3,000 jobs.
Henkel will finalize the details of the program, following the development of single project ideas and the subsequent discussion with both the works councils and the employees likely to be affected.
Please note that the measures pointed out under II. and III. are not considered in the outlook referred to under I.
In addition to our notifications of July 30 and August 6, 2007 we hereby notify that following approval of the Shareholders’ Committee of Henkel KGaA, Düsseldorf, Henkel and Akzo Nobel N.V., Arnhem, The Netherlands, have signed an agreement on a back-to-back transaction on August 13, 2007. Under the terms of this agreement, Henkel will acquire the adhesives and electronic materials businesses of National Starch and Chemical Company, Bridgewater, N.J., USA. National Starch is a subsidiary company of ICI plc, London, UK. The back-to-back transaction is conditional on the successful completion of the takeover of ICI by Akzo Nobel.
The transaction value amounts to 2.7 GBP (close to 4 billion euros). The adhesives/electronic materials business of National Starch had sales of 1.26 billion GBP (approx. 1.85 billion euros) in 2006.
It is intended - subject to approval by Henkel’s Shareholders' Committee - to execute the back-to-back agreement immediately prior to the formal announcement of an offer by Akzo Nobel for ICI.
This transaction is subject to the successful completion of the takeover of ICI by Akzo Nobel.
In addition to our notification of July 30, 2007 that Henkel and Akzo Nobel, N.V., Arnhem, The Netherlands, have signed an exclusivity agreement and have also negotiated a back-to-back agreement under the terms of which Henkel would acquire the adhesives and electronic materials businesses of National Starch and Chemical Company, Bridgewater, N.J., USA, a subsidiary of Imperial Chemical Industries PLC (ICI), London, UK, we hereby notify that on August 6, 2007 Henkel and Akzo Nobel have reached agreement that the transaction value for those businesses will amount to 2.7 GBP (close to 4 billion euros). The adhesives and electronic materials businesses of National Starch had sales of 1.26 billion GBP (approx. 1.85 billion euros) in 2006.
The Board of Henkel KGaA, Düsseldorf, Germany, notes the recent speculation regarding talks between Henkel and Akzo Nobel N.V., Arnhem, The Netherlands. Henkel confirms that on July 26, 2007 it has signed an exclusivity agreement with Akzo Nobel. Also Henkel and Akzo Nobel have negotiated an agreement about a back-to-back transaction, the signing of which is still pending. Under such agreement Henkel would acquire the adhesives and electronic materials businesses of National Starch and Chemical Company, Bridgewater, N.J., USA, a subsidiary of ICI plc, London, UK. It is intended - subject to approval by Henkel’s Shareholders' Committee - to execute the back-to-back agreement immediately prior to the formal announcement of an offer by Akzo Nobel for ICI.
The adhesives/electronic materials business of National Starch had sales of 1,26 billion GBP (approx. 1.85 billion euros) in 2006.
Such a back-to-back-transaction is subject to the successful completion of a takeover of ICI by Akzo Nobel. There can be no certainty that such an offer will be made or a takeover will take place.
The Dial Corporation - an affiliate of Henkel KGaA - and The Gillette Company, a subsidiary of Procter & Gamble, signed a definitive agreement on February 20, 2006, under which Dial will acquire several strong antiperspirant/deodorant brands. These very well-known brands include Right Guard, Soft & Dri and Dry Idea, which Procter & Gamble was required to divest as part of the FTC Consent Decree related to the Procter & Gamble/Gillette merger. The purchase price amounts to about 420 million US dollars. Sales in 2005 of these brands amounted to about 275 million US dollars.
Closing of this transaction, which is still subject to customary approval from the antitrust authorities, is expected before the end of the first quarter of 2006.