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Last $109.50 USD
Change Today 0.00 / 0.00%
Volume 0.0
HENOF On Other Exchanges
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OTC US
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OTC US
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Stuttgart
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OTC US
As of 8:10 PM 08/13/15 All times are local (Market data is delayed by at least 15 minutes).

henkel ag & co kgaa vorzug (HENOF) Key Developments

Henkel AG & Co. KGaA Announces Earnings Results for the Second Quarter and First Half Ended June 2015; Provides Earnings Guidance for the Year 2015

Henkel AG & Co. KGaA announced earnings results for the second quarter and first half ended June 2015. For the quarter, the company reported sales once again rose double-digit by 13.5% to EUR 4,695 million. Adjusted for positive foreign exchange effects was 7.3%, sales improved by 6.2%. Organically - i.e. adjusted for foreign exchange and acquisitions/divestments - sales rose by 2.4%. After one-time gains, one-time charges and restructuring charges, adjusted operating profit improved by 14.0%, from EUR 674 million to EUR 768 million. Reported operating profit (EBIT) grew by 21.4%, from EUR 589 million to EUR 715 million. Adjusted net income for the quarter, after deducting non-controlling interests, increased by 11.8% from EUR 499 million to EUR 558 million. Reported net income for the quarter grew by 19.1% from EUR 446 million to EUR 531 million. After deducting EUR 10 million attributable to non-controlling interests, quarterly net income increased to EUR 521 million compared to EUR 441 million a year ago. Adjusted earnings per preferred share (EPS) rose by 11.2% from EUR 1.16 to EUR 1.29. Reported EPS increased from EUR 1.02 to EUR 1.20. The main drivers were solid organic sales growth, last year's acquisitions and, above all, the strong US dollar. Free cash flow came at EUR 26 million, EUR 63 million below the comparable figure of the prior year period. And by that, it's mainly due to higher investments in CapEx. For the first half of 2015, sales increased significantly by EUR 1,059 million to EUR 9,125 million. This was an increase of 13.1% compared to the first half year 2014. Adjusted for foreign exchange, sales grew by 6.5%. Organically - i.e. adjusted for foreign exchange and acquisitions/divestments - sales increased by 3.0%, with all of Henkel's business units contributing with a solid performance. Adjusted operating profit grew by EUR 182 million from EUR 1,293 million to EUR 1,475 million (+14.0%). Adjusted return on sales increased from 16.0% to 16.2%. Adjusted net income for the half year, after deducting non-controlling interests, rose by 12.3% from EUR 951 million to EUR 1,068 million. Adjusted earnings per preferred share (EPS) rose by 12.3% or EUR 0.27 from EUR 2.20 to EUR 2.47. The company reaffirmed earnings guidance for 2015. The company expects to achieve organic sales growth of 3% to 5% in 2015. The company expects adjusted return on sales to increase to around 16% and anticipate an increase in adjusted earnings per preferred share of approximately 10%. The company expects an adjusted EBIT margin for the full year of approximately 16%.

Henkel and Nihon Parkerizing Co. Ltd Announce Extended Cooperation to Benefit Global Surface Treatment Customers

Henkel and Nihon Parkerizing Co. Ltd. are taking their 27-year business cooperation to the next level with the signing of a broad license contract for surface technologies. Effective from July 1, 2015, the new partnership extends a current cross license agreement on conversion coatings to a broader field of surface treatment products. The move will give customers, who are primarily from the automotive and aerospace industries, access to both companies' technologies on a global basis. A distribution agreement for Japan covers Henkel's Cleaners, Lubricants and Surface Treatment. Nihon Parkerizing supplies surface treatment chemicals to a broad range of industries for a diverse range of purposes including cleaning substrates, adding corrosion resistance, creating a base for painting and providing lubrication, as well as offering the latest knowhow and extensive technical support.

Henkel AG & Co. KGaA, Q2 2015 Earnings Call, Aug 12, 2015

Henkel AG & Co. KGaA, Q2 2015 Earnings Call, Aug 12, 2015

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%.

 

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Price/Cash Flow 12.2x
TEV/Sales 1.0x
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