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Questions & Answers

We have answered the frequently asked questions by our investors and shareholders here. If you have any further questions do not hesitate to contact us.

Company

  • When was Henkel founded?
  • Where is Henkel’s head office?
  • How many people does Henkel employ?
  • In what business segments is Henkel active?
  • What is the sales breakdown by region and division?
  • What is Henkel’s legal form of incorporation?

On September 26,1876 Fritz Henkel and two partners founded the company Henkel & Cie in Aachen, Germany.

Henkel's head office is in Düsseldorf, Germany.

The number of people employed by the Henkel Group at the end of 2013 was 46,850.

Henkel is organized into three business sectors:

Laundry & Home Care
The product range comprises heavy-duty detergents, special detergents and cleaners.

Beauty Care
The portfolio encompasses hair cosmetics, products for body, skin and oral care, and products and services for the professional salon segment.

Adhesive Technologies
Our products include industrial and structural adhesives, sealants and functional coatings. We also offer home decoration products, adhesives and correction products for the home and office, as well as building adhesives. 

Henkel is a Kommanditgesellschaft auf Aktien or KGaA (partnership limited by shares). Because the sole personally liable partner of the corporation is a joint stock entity, Henkel Management AG, and according the provisions of German company law this must be apparent from the corporation’s name, Henkel trades as “Henkel AG & Co. KGaA”.

Henkel AG & Co. KGaA holds all the shares in Henkel Management AG. Such a structure in which a KGaA is itself the sole shareholder of the joint stock entity which, in turn, is the sole personally liable partner of the KGaA, is referred to as a “Unified Company”.


The other legally prescribed corporate bodies are the Supervisory Board and the General Meeting. In addition, Henkel has a Shareholders’ Committee as required by its Articles of Association. The overall structure therefore looks like this: 

Shares

  • When was the IPO of Henkel preferred shares?
  • When was the IPO of Henkel ordinary shares?
  • On which stock exchanges is Henkel listed?
  • In which indices is Henkel represented? 
  • What is the shareholder structure at Henkel?
  • What is the difference between ordinary and preferred shares?
  • What is the number of Henkel shares?
  • Where do I get information about the development of the share price?
  • What is the average daily trading volume?
  • Do you have a share buy-back program?
  • Is the corporation authorized to buy back its own shares?
  • Does Henkel hold treasury stocks?
  • Does Henkel have an ADR program?
  • Does Henkel offer an employee share program?
  • How can I acquire physical share certificates?
  • How can I sell my Dial shares?

The Henkel preferred shares were first listed on October 2, 1985 on the eight  regional German stock exchanges Berlin, Bremen, Düsseldorf, Frankfurt, Hamburg, Hannover, Munich and Stuttgart. The shares were issued at EUR 145.72 (equals DM 285) and first traded on October 11, 1985, at  EUR 199.4 (equals DM 390).

In 1996 the par value of Henkel shares was reduced to a tenth from DM 50 to DM 5 each.

In 2007 the shares were split 1:3. The new par value is 1€.

In 1996 all holders of preferred shares were given the opportunity to convert 10 percent of their preferred shares into ordinary shares. Next all ordinary shares were admitted to trading on the stock exchanges in Frankfurt and Düsseldorf, and in Switzerland on July 2, 1996. In conjunction with the conversion, the par value of Henkel shares was reduced to a tenth from DM 50 to DM 5 each.

In 2007 the shares were split 1:3. The new par value is 1€.

Today Henkel shares are traded on the following stock exchanges: 

  • Xetra
  • Hannover
  • Frankfurt am Main
  • Hamburg
  • Stuttgart
  • Munich
  • Düsseldorf
  • Berlin-Bremen

Henkel as a DAX stock counts among the 30 most important listed corporations in Germany. Furthermore, the Henkel preferred shares are also included in major international indices. These include the MSCI Europe, the Dow Jones Stoxx 600, the Dow Jones Titans 30 Personal & Household Goods, the FTSE World Europe, FTSE4Good and sustainability indices such as the European Dow Jones Sustainability Index.

A list with the major stock indices can be found here.

A list with the major sustainability indices can be found here.

The preferred shares are widely owned internationally and are 100% in free float.

59.91% of the ordinary shares are held by members of the Henkel family.

Preferred shares carry the same rights as ordinary shares, with the exception of the generally excluded voting right. To compensate for the restriction in voting rights, preferred shares take precedence in the distribution of profit, usually reflected in a higher dividend payout.

In the event that this “preferential dividend” is not paid, or is not fully paid in a year, followed by failure to pay the balance in addition to the full preferential dividend for the following year, the latent voting rights of the preferred shares are revived.

    Preferred shares         178,162,875
+ Ordinary shares           259,795,875
= Total                               437,958,750

Information about the historical and current share price can be found here.

Ordinary shares 1)

Preferred shares 1)

2013

 118,000

 554,000

2012

 120,000

 764,000

2011

 121,000

 898,000

2010

128,000

974,000

2009

196,000

1,011,000

2008

330,000

1,649,000

2007

288,000

1,693,000

2006

142,000

1,203,000

1) Average turnover of shares per trading day (Xetra)

Personally liable managing partners were authorized by the Annual General Meeting to purchase ordinary or preferred shares.

Please read the next FAQ for further information or click on the following link.

Henkel has been authorized by the Annual General Meeting to buy back ordinary or preferred shares provided that the shares bought on grounds of this authorization along with other shares that the company has already purchased or that are assigned to the company do not exceed 10% of the subscribed capital.

The shares can be utilized for the following purposes:

  1. To offer and transfer treasury stock to management under the current terms of the "Stock Incentive Plan of the Henkel Group".
  2. To sell or otherwise transfer treasury stock to third parties for the purpose of acquiring businesses, parts of businesses or participating interests in businesses, or for forming business combinations.
  3. To sell treasury stock to third parties against payment in cash if the price paid is not significantly less than the quoted market price of the shares on the date of the sale. 

Treasury stock held by the Company at March 31, 2014 amounted to 3,680,564 preferred shares.


Date

Number of pref. shares

Proportion of total capital stock
 in million euros

 in %

 Dec. 31, 2013

3,680,570 

 3.70

0.84

 Dec. 31, 2012

3,680,570 

 3.70

0.84

 Dec. 31, 2011

3,776,170 

 3.80

0.86

 Dec. 31, 2010

4,026,565

4.00

0.92

 Dec. 31, 2009

4,541,870

4.50

1.04

 Dec. 31, 2008

4,834,770

4.80

1.10

 Dec. 31, 2007

5,030,790

5.00

1.15

 Dec. 31, 2006

5,458,494

4.66

1.25

 Dec. 31, 2005

7,123,740

6.07

1.63

 Dec. 31, 2004

7,476,405

6.39

1.71

 Dec. 31, 2003

7,487,100

6.38

1.71

 Dec. 31, 2002

7,487,100

6.38

1.71

 Dec. 31, 2001

5,402,400

4.61

1.23

 

A “Sponsored Level I ADR (American Depositary Receipt) Program” was introduced in 1996 for the preferred and ordinary shares. American Depositary Receipts are certificates of ownership of shares in a non-US company, which are placed and traded instead of shares in the USA.

For further information on our ADR program please click here.

Since 2001, Henkel has provided its employees with the opportunity of acquiring Henkel preferred shares within the framework of its Employee Share Program (ESP), thus enabling them to participate in the fortunes of the corporation.

As at December 31, 2013, some 14,600 employees in 54 countries  held a total of around 3 million preferred shares within the ESP, or around 1.7 percent of Henkel’s preferred shares outstanding.

Further information about the employee share program can be found here.

Please contact your depository bank for any information regarding physical share certificates.

Henkel does not keep or offer canceled or ancient shares as collectibles. 

Citibank, N.A. serves as our Paying Agent for the exchange of the Dial Corporation shares. You may contact Citibank at the following numbers:
(Toll Free with the US) 1-877-498-5424 or (Collect) 1-781-930-4925.

Key Figures and Dividends

  • When will the next results be released?
  • How do I get the Annual Report?
  • What are Henkel’s key figures?
  • Which accounting principles does Henkel use?
  • When is the next dividend payment date?
  • What amounts of dividends have been paid so far?
  • What is Henkel’s dividend policy?
  • What should shareholders be aware of with regard to payment and taxation of dividends?

You can find all release dates in our Financial Calendar.

You can download the Annual Report on our Financial Reports page or order printed versions via the order form.

The most important Key figures you will find here.

Since 1997, Henkel has drawn up its annual and interim financial statements according to  “International Financial Reporting Standards” (IFRS).

The next dividend payment will be approved by the Annual General Meeting and the dividend will be distributed on the first business day following the Annual General Meeting. As of this date the share will be traded ex dividend.

 

Dividend per  ordinary shares
(in euros)

Dividend per preferred shares
(in euros)

Total dividend (in million euros)

 2013

 1.20

 1.22

529

 2012

 0.93

 0.95

411

 2011

 0.78

 0.80

345

 2010

 0.70

 0.72

 310

 2009

 0.51

 0.53

 227

 2008

 0.51

 0.53

227

 2007

 0.51

 0.53

 227

2006

0.48

0.50

 214

2005

0.43

0.45

 193

2004

0.41

0.43

 185

2003

0.38

0.40

 167

2002

0.35

0.37

 156

2001

0.35

0.37

 156

2000

0.35

0.37

 157


On January 21, 2014 the Management Board of Henkel AG & Co. KGaA has decided 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 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. This Management Board resolution is subject to approval from the Supervisory Board and the Shareholders' Commitee.

Henkel directly transfers capital gains compensation tax and solidarity surcharge to the tax authorities.

Your individual tax rate depends on your marginal tax rate and tax allowance respectively. You may wish to consult the responsible authorities or your tax advisors for more information regarding the taxation of dividends.

Gross dividend
 - Capital gains compensation tax
 - Solidarity surcharge
= Dividend paid out

Annual General Meeting

  • When and where will the next Annual General Meeting take place?
  • What are the conditions of participation in the Annual General Meeting? How will I receive my admission card?
  • What can I as a shareholders do if I have registered in time but have not received, or have lost, my admission card?
  • How can I exercise my voting rights without attending the Annual General Meeting?
  • Is it possible to vote via the internet? 
  • Is there a time limit for issuing the written proxy and instructions to the proxyholders appointed by Henkel?
  • Where are countermotions by shareholders published?
  • Is there a broadcast of the Annual General Meeting on the internet?

The next Annual General Meeting will take place on April 4, 2014 in Düsseldorf.

Further information about the Annual General Meeting can be found here.

Participation in the Annual General Meeting is restricted to those shareholders who have registered with the Company and have presented a certificate of proof in text form in German or English, confirming their ownership of Henkel shares, issued by the depository bank or depository financial services institution holding their shares. The registration and the certificate must be sent to the office indicated in the relevant invitation to the AGM within the time period indicated in the invitation (usually 7 days prior to the date of the AGM).

The certificate confirming ownership of shares must relate to the start of the 21st day prior to the AGM. Shareholders wishing to participate in the AGM should inform their depository bank or depository financial services institution as early as possible. This bank or institution will then send the registration and the certificate of ownership of shares in the required form to the registration office, which will then issue the admission cards for the AGM and send these to the shareholders concerned.

Provided that you have duly registered and provided proof of your ownership of shares, you merely need to make yourself known to the Shareholders’ Desk in the Congress Center Dusseldorf on the day of the AGM, and inform the people there that you have either not received your admission card in time or that you have lost it. You will then be issued with a replacement admission card.

Shareholders not wishing to attend the Annual General Meeting personally may have their voting rights (ordinary shares only) exercised at the Annual General Meeting by proxy, e.g. by a bank or a shareholders’ association.

In addition, we offer our shareholders the option of being represented at the Annual General  Meeting by proxyholders nominated by the Company. The shareholders availing themselves of this facility require for this purpose an admission card to the Annual General Meeting to which a corresponding proxy form is attached.

The proxies must be assigned in writing. Insofar as proxyholders nominated by the Company are vested with this authority of representation, instructions must be issued as how the voting rights are to be exercised. Without these instructions, the proxy is invalid. The proxyholders are obliged to cast the votes as instructed. Please note that the proxyholders cannot accept instructions to speak to the meeting, submit motions or ask questions.
 
We also offer our shareholders the facility of issuing their proxies and instructions to the proxyholders nominated by the Company electronically or via the internet instead of in written form, using the procedures stipulated by the Company.

Details relating to the issue of proxies and instructions to the proxyholders nominated by the Company are contained in an instruction leaflet that is sent to all shareholders. The corresponding information is also made available on the Internet  website in due course.

Your proxy and instructions to the proxyholders nominated by the company can also be issued via the internet.  The proxyholders are obliged to vote in accordance with your instructions on the individual agenda items.

Further information can be found on the internet in due time.

For shareholders wishing to have their voting rights exercised by third parties there are basically two possibilities to issue their proxy and instructions – either in writing or via the internet.

In writing
Shareholders receive the proxy form together with the admission card. The completed and signed proxy form must be dispatched to arrive by the date indicated in the proxy form at the address likewise indicated in the proxy form.

Internet
Proxies and voting instructions may be issued or modified via the internet up to and on the day of the Annual General Meeting until the end of the address given by the Chairman of the Management Board.

Where notifiable motions by shareholders (countermotions) pertaining to the agenda of the Annual General Meeting have been received, you will be able to read their wording on the internet.

The opening of the Annual General Meeting by the Chairman of the Meeting and also the presentation given by the Chairman of the Management Board can be followed live on the internet by anyone wishing to do so. The voting results will also be published in the internet after the Annual General Meeting.

Corporate Governance

  • What does Corporate Governance mean?
  • What importance does Corporate Governance have at Henkel?
  • What is the German Corporate Governance Code?
  • Does Henkel comply with the German Corporate Governance Code?
  • What responsibilities does the Supervisory Board have and what is its composition?
  • How do the different corporate bodies work together?
  • Has Henkel issued a Declaration of Compliance?

The origin of Corporate Governance, its declaration and implementation goes back to 1930 and is rooted in the separation of ownership and control.

Corporate Governance deals with the specification and compliance of rules and procedures by which a company should be managed. The term Corporate Governance stands for responsible corporate management and control geared to long-term value creation. In Germany, the principles of Corporate Governance are laid down in the German Corporate Governance Code.

Further information about Corporate Governance at Henkel can be found here.

For Henkel, good corporate governance means responsible, transparent management and control aligned to the long-term generation of shareholder value. Within this context, the Management Board, Shareholders’ Committee and Supervisory Board have committed themselves to the following maxims:

  • Value creation is the foundation of our managerial approach
  • Sustainability  is a criterion for responsible management
  • Transparency results from our active and open information policy

Further information about Corporate Governance at Henkel can be found here.

The "German Corporate Governance Code“ aims to make the German Corporate Governance system transparent and understandable and therefore to strengthen the confidence of international and national investors in the management and supervision of listed German corporations. The Code was ratified on February 26, 2002.

Subject to the specific regulations governing companies with the legal form of a German partnership limited by shares (“KGaA”) and to the pertinent provisions of its Articles of Association, Henkel basically complies with the recommendations (“shall” clauses) and suggestions (“may” clauses) of the German Corporate Governance Code.

Henkel’s Declaration provides more specific details and the recommendations and suggestions implemented. 

Composition
The Shareholders’ Committee has a minimum of five and a maximum of ten members. The members are elected by the AGM of the Henkel AG & Co. KGaA . The tenure of office is five years unless otherwise stipulated at the time of election.

Responsibility
The Shareholders’ Committee carries out the tasks and functions delegated to it by the General Meeting or by dint of the Articles of Association. In particular, the Shareholders’ Committee participates in the management of the corporation in lieu and as an agent of the General Meeting. It is involved in the formulation of the corporate guidelines, the corporate objectives and long-term planning objectives, and supervises and advises the Henkel Management AG/Management Board regularly on the stewardship of the corporation. It participates in the drafting of important corporate decisions, offers suggestions as to business development and monitors compliance with the planning goals.

It is also responsible for resolving on the appointment and dismissal of Personally Liable Partners and holds both the power of representation and executive powers over the legal relationships prevailing between the Corporation and Henkel Management AG as the Personally Liable Partner.  Moreover, it is also the responsibility of the Shareholders’ Committee to exercise the voting rights of the Corporation in the Annual General Meeting of Henkel Management AG.  Consequently, it appoints the members of the Supervisory Board of Henkel Management AG and is therefore involved in the appointment of the members of the Management Board.  It may also issue Rules of Procedure incumbent upon Henkel Management AG.

The members of the Shareholders’ Committee you can find here.

The Management Board, Shareholders’ Committee and Supervisory Board of Henkel AG & Co. KGaA cooperate closely for the benefit of the corporation.

The Management Board agrees the strategic alignment of the corporation with the Shareholders’ Committee and discusses the status of implementation.

For transactions of fundamental significance, the Shareholders’ Committee has established a right of veto in the procedural rules governing the actions of Henkel Management AG in its function as sole personally liable partner. This covers, in particular, decisions or measures that materially change the net assets, financial position or results of operations of the Corporation. The Management Board complies with these rights of consent and also the spheres of authority of the General Meeting in matters subject to statutory control.

In keeping with good corporate management practice, Management Board informs the Shareholders’ Committee and the Supervisory Board regularly, and in a timely and comprehensive fashion, of all issues of relevance to the Corporation concerning business policy, corporate planning, profitability, the business development of Henkel AG & Co. KGaA and of major Group companies, and also the risk situation and risk management structures and activities.

Further information about the corporate bodies can be found here.

You can view and download the current and historic declarations here.

Sustainability

  • Which role does sustainability play for Henkel?
  • How does Henkel implement sustainability in its everyday activities?
  • How long has Henkel been committed to sustainability?
  • Does Henkel publish a sustainability report?
  • What is the public's perception and assessment of Henkel's sustainability activities?
  • In which sustainability indices is Henkel listed?
  • How do Henkel's sustainability activities contribute to shareholder value?

Commitment to leadership in sustainability is one of our core corporate values. As sustainability leaders, we aim to pioneer new solutions for sustainable development while continuing to shape our business responsibly and increase our economic success. This ambition encompasses all of our company’s activities – along the entire value chain, and is the basis upon which we developed our sustainability strategy for 2030: We want to achieve more with less and triple our efficiency in the next 20 years. In view of the increasing demand on limited natural resources, we must continue to improve. In moving ahead, we will focus on involving our employees even more deeply in our sustainability activities, intensifying our collaboration with our partners along the value chain, and further improving our evaluation, steering and communication tools.

The Henkel Management Board bears overall responsibility for our sustainability strategy. The Sustainability Council, as a central decision-making body headed by the Executive Vice President Human Resources and Infrastructure Services, steers Henkel’s global sustainability activities. Its members represent the business sectors and all corporate functions.

The daily conduct of our around 47,000 employees plays a key role in ensuring that sustainability does not remain merely an abstract intention. Only if all employees know and understand the principles of sustainability, they will become a guideline to behavior and decision-making in day-to-day work.

Henkel's sustainability strategy has evolved continuously. From the very beginning, Henkel has taken responsibility for its employees, neighbors and the community. Since 1927, Henkel has continuously improved its occupational safety through systematic accident prevention. In 1959, the introduction of regular ecological quality checks for detergents and household cleaners was one of the first steps to ensure that products and production had no harmful effect on the environment. In 1991, Henkel was one of the first companies to sign the Business Charter for Sustainable Development of the International Chamber of Commerce (ICC). Today, worldwide management systems for safety, health and environment are in place, and the concept of sustainability is firmly anchored in Henkel’s corporate policy.

Yes. Already in 1992 Henkel published its first environmental report and developed it continuously towards today's Sustainability Report. The combination of our Annual Report and our Online-Sustainability Report illustrates our integrated approach of company reporting. Please click here to download the current Sustainability Report or previous issues.

Research institutes and sustainability analysts regularly assess how companies balance economic, ecological and social factors. Henkel welcomes these external assessments of sustainability performance, which result in greater market transparency. Cross-sector sustainability and ethical indexes also play an increasingly important role in international capital markets. Further details please find here.

Please click here for further information.

We are convinced that our continued focus on sustainability will help to grow the long-term value of our company and to realize our strategic priorities. Our insistence that each new product must combine excellent performance with responsibility toward people and the environment results in increasingly efficient products and improved technical solutions. Thereby sustainability becomes an important driver of economic growth and the generation of competitive advantage in the market. By sharing our decades of experience in sustainability we can offer effective solutions to our customers for improving their own sustainability performance. With our brands and technologies, which combine top quality with responsibility toward people and the environment, we can position Henkel as a leading sustainability partner for our industrial customers, for retailers, and for consumers. In addition, corporate social responsibility strengthens the motivation of our employees and their identification with the company.