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Last $120.75 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

henkel ag & co kgaa vorzug (HENOF) Key Developments

The Bosnian Unit of Henkel to Launch Adhesives Plant in Bosnia's Bileca on June 11, 2015

The Bosnian unit of Henkel will formally open an adhesives plant in Bileca on June 11, 2015. The investment cost for the 6,000 sq m plant totals EUR 7.5 million ($8.2 million), EUR 500,000 more than the initial estimate. The adhesive materials plant was set to open in March, but due to small deviations in the construction phase of the project the start date was pushed to mid-June. Henkel picked Bileca as the location for its Bosnian-based plant because of its strategic geographic position and links to neighbouring markets such as Croatia, Montenegro and Albania. Bileca is also rich in ground calcium carbonate, a vital component in manufacturing and producing Henkel's cement-based adhesive and thermal insulating materials for the construction industry.

Henkel AG & Co. KGaA Reports Earnings Results for the First Quarter Ended March 2015; Reaffirms Earnings Guidance for the Full Year of 2015

Henkel AG & Co. KGaA reported earnings results for the first quarter ended March 2015. In the first quarter of 2015, sales rose significantly by 12.7%, reaching a new quarterly high of EUR 4,430 million. Adjusted for positive foreign exchange effects of 5.8%, sales improved by 6.9%. Adjusted for foreign exchange and acquisitions/divestments - sales rose by 3.6%. After one-time gains, one-time charges and restructuring charges, adjusted operating profit improved by 14.1%, from EUR 619 million to EUR 707 million. Reported operating profit (EBIT) grew by 6.5%, from EUR 608 million to EUR 648 million. Adjusted return on sales (EBIT margin) increased by 0.2% points to 16.0%. Reported return on sales amounted to 14.6% compared to 15.5% in the prior-year quarter. The company financial result was improved by EUR 6 million to loss of EUR 9 million. This was attributable to improvements in both net interest result and foreign exchange result. The improvement in net interest result was due in part to the repayment of a senior bond and the maturing of interest rate fixings in March 2014. The tax rate amounted to 24.6% compared to 23.1% in the prior-year quarter. Adjusted net income for the quarter, after deducting non-controlling interests, increased by 12.8% from EUR 452 million to EUR 510 million. Reported net income for the quarter rose by 5.7% from EUR 456 million to EUR 482 million. After deducting EUR 12 million attributable to non-controlling interests, net income increased to EUR 470 million (prior-year quarter: EUR 449 million). Adjusted earnings per preferred share (EPS) rose by 13.5% from EUR 1.04 to EUR 1.18. Reported EPS increased from EUR 1.04 to EUR 1.09. Free cash flow was EUR 285 million. This is significantly higher than the comparable figure of the prior-year period, driven by a solid increase in the operating cash flow. The company reaffirmed earnings guidance for the full year of 2015. The company continues to expect organic sales growth of 3% to 5% in the fiscal year 2015. Compared to the 2014 figures, the company expects adjusted return on sales (EBIT) to increase to around 16% and an increase in adjusted earnings per preferred share of approximately 10%.

Henkel & Co, Revlon And Coty Reported Mulls Acquisition Of Beauty Business of Procter & Gamble Co

Henkel AG & Co. KGaA (DB:HEN3), Revlon, Inc. (NYSE:REV) and Coty Inc. (NYSE:COTY) are reportedly seeking acquisition of beauty business of The Procter & Gamble Company (NYSE:PG). “The three companies are working with investment banks ahead of a first-round bid deadline set for next week,” the sources said on April 15, 2015. “Henkel is interested in buying P&G's haircare business, which includes the Wella and Clairol brands, the sources said,” declining to be named because the matter is private. “Revlon is eying P&G's cosmetics business, which includes drugstore brands CoverGirl and Max Factor. Coty, which makes perfume for fashion brands Calvin Klein and Marc Jacobs and owns nail polish brand OPI and Rimmel mascara, is likely interested in P&G's fragrance unit, though it could also look at buying P&G's cosmetics business as well,” the sources said.

Henkel AG & Co. KGaA, Q1 2015 Earnings Call, May 07, 2015

Henkel AG & Co. KGaA, Q1 2015 Earnings Call, May 07, 2015

Procter & Gamble Reportedly Seeks Buyer For Wella Brand

The Procter & Gamble Company (NYSE:PG) is looking for buyer for Wella brand, sources say. Procter & Gamble is soliciting bids on its Wella salon brand, its fragrance business and unnamed cosmetics brands. Sources told Bloomberg news service that P&G is looking to sell them together or individually and could reap up to $19 billion. P&G officials declined to comment on April 8, 2015. Procter & Gamble has reached out to potential buyers including Henkel AG & Co. KGaA (DB:HEN3), Revlon, Inc. (NYSE:REV), Unilever plc (LSE:ULVR), Kao Corporation (TSE:4452) and Coty Inc. (NYSE:COTY), Bloomberg said.

 

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HENOF

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Valuation HENOF Industry Range
Price/Earnings 25.0x
Price/Sales 2.4x
Price/Book 3.2x
Price/Cash Flow 15.0x
TEV/Sales 1.2x
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