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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 2014 was 49,7501.
1 Basis: permanent employees excluding apprentices.
Henkel is organized into three business sectors:
Laundry & Home Care
The product range comprises heavy-duty detergents, special detergents and cleaners.
The portfolio encompasses hair cosmetics, products for body, skin and oral care, and products and services for the professional salon segment.
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:
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
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:
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.
60,84% 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
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:
Treasury stock held by the Company at December 31, 2014 amounted to 3,680,564 preferred shares.
Number of pref. shares
|Dec. 31, 2014||3,680,564||3.70||0.84|
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
Dec. 31, 2007
Dec. 31, 2006
Dec. 31, 2005
Dec. 31, 2004
Dec. 31, 2003
Dec. 31, 2002
Dec. 31, 2001
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, 2014, some 14,500 employees in 54 countries held a total of around 3 million preferred shares within the ESP, or around 1.6 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.
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.
1 Proposal to shareholders for the Annual General Meeting on April 13, 2015.
According to our dividend policy, future dividend payouts of Henkel AG & Co. KGaA shall, depending on the company’s asset and profit positions as well as its financial requirements, amount to 25 percent to 35 percent of net income after non-controlling interests, and adjusted for exceptional items.
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
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.
- Capital gains compensation tax
- Solidarity surcharge
= Dividend paid out
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.
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.
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.
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.
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.
System of management and control, primarily within listed companies. Describes the powers and authority of corporate management, the extent to which these need to be monitored and the extent to which structures should be put in place through which certain interest/ stakeholder groups may exert influence on the corporate management.Corporate governance Schließen
Acting in conformity with applicable regulations; adherence to laws, rules, regulations and in-house or corporate codes of conduct.Compliance Schließen
The German Corporate Governance Code (abbreviation: DCGK) is intended to render the rules governing corporate management and control for a stock corporation in Germany transparent for national and international investors, engendering trust and confidence in the corporate management of German companies.Corporate Governance Code Schließen
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:
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.
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.
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.
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 50,000 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.
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.