Henkel Reconfirms 2012 Targets
At today's Annual General Meeting, Henkel CEO Kasper Rorsted outlined the main success drivers for the company's business performance in 2011. "Henkel recorded the best year in its company history. We fully met all our financial targets and even over delivered on a number of them. The strong focus on our vision and values and on our strategic priorities, as well as the global footprint of our company significantly contributed to this achievement."
Henkel shareholders will also benefit from this strong performance. "We are proposing to the Annual General Meeting to increase the dividend per preferred share from 0.72 to 0.80 euros and the dividend per ordinary share from 0.70 to 0.78 euros," Rorsted announced. "Since 2008 our dividend has thus increased by more than 50 percent."
Commenting on the company's performance at the beginning of fiscal 2012, Rorsted said: "We had a good start to 2012." For further details he referred to the publication of the first quarter results on May 9.
For the full year 2012 Rorsted confirmed the targets as previously announced at the company's annual results press conference in March. "We expect organic sales growth for the full fiscal year to be between 3 and 5 percent. We also expect to increase our adjusted EBIT margin to 14 percent and to improve adjusted earnings per preferred share by at least 10 percent."
Higher volatility in markets as the 'new normal'. As a consequence, Henkel will be adapting processes and structures to be able to respond more quickly and more flexibly than our peers.As other key success factors for the future, the emphasis will be on further strengthening Henkel's top brands, a continuous flow of innovations and the expansion of the company's position in the emerging markets.
The strategic importance of sustainability for the company was reiterated with a new long-term strategy.Henkel has set itself the ambitious goal of tripling its efficiency by the year 2030. To achieve this ambitious long-term goal, Henkel will either have to triple the value the created while leaving the footprint at the same level or reduce footprint to one third of today's level by delivering the same value.
About Henkel India
Henkel Adhesive Technologies India Private Limited is a subsidiary of Henkel AG & Co.KGaA Germany. In India, Henkel is the market leader in adhesives, sealants and surface treatments for consumers, craftsmen, and industrial applications. Headquartered in Mumbai, Henkel has a long tradition of a well balanced portfolio of international, regional and local products that cater to a whole spectrum from manufacturing anaerobic adhesives, cyanoacrylate, polymer composites and seal laminating adhesives. These are used in diverse segments ranging from electronics, automotive, manufacturing aerospace to biomedical industries. Well known brands include Loctite, Teroson and Bonderite. Under the Cosmetics/Toiletries division, Henkel has Schwarzkopf Professional and Indola which is a part of the Henkel Group, Dusseldorf.
Globally, Henkel's preferred shares are listed in the German stock index DAX and ranks among the Fortune 500 companies.
