henkel kgaa-spons adr pfd (HENOY) Key Developments
Henkel AG & Co. KGaA Announces Earnings Result for the Fourth Quarter and Full Year of 2014; Provides Earnings Guidance for the Full Year of 2015
Mar 4 15
Henkel AG & Co. KGaA announced earnings result for the fourth quarter and full year of 2014. The company reported €16,428 million, sales in the fiscal year 2014 were slightly higher than in the previous year. Adjusted for negative foreign exchange effects of 4.0%, sales improved by 4.4%. Organic sales, which excludes the impact of foreign exchange and acquisitions/divestments, showed a solid 3.4% increase. After allowing for one-time gains, one-time and restructuring charges, adjusted operating profit (EBIT) improved by 2.9% from €2,516 million to €2,588 million. All three business units contributed to this positive development. Reported operating profit (EBIT) amounted to €2,244 million compared to €2,285 million in the previous year. The financial result improved by €64 million to negative €49 million. This is mainly due to the improvement in net interest result, which was attributable in part to the repayment of senior bonds in June 2013 and March 2014, as well as maturing interest rate fixings in March 2014. The tax rate was 24.3% compared to 25.2% in the previous year. Adjusted net income for the year after deducting non-controlling interests grew by 7.5% year-on-year, from €1,764 million to €1,896 million. Net income for the year increased by 2.3% rom €1,625 million to €1,662 million. After deducting €34 million attributable to non-controlling interests, net income for the year was €1,628 million (previous year: €1,589 million). Adjusted earnings per preferred share (EPS) increased by 7.6% from €4.07 to €4.38. Reported EPS rose from €3.67 to €3.76.
For the quarter, the company reported adjusted net profit rose by 6.6% to €437 million, due to cost savings measures and strong demand on the emerging markets. Adjusted earnings before interest and tax (EBIT) grew 3.1% to €602 million. Sales rose by 7.1% to €4.12 billion.
The company provided earnings guidance for the full year of 2015. The company expects to generate organic sales growth of 3% to 5% in the fiscal year 2015. The company expects that the Adhesive Technologies and Laundry & Home \Care business units will each generate organic sales growth within this range. In the Beauty Care business unit, the company expects growth of approximately 2%. The company furthermore expects a stable development in
the share of sales from emerging markets. Compared to the 2014 figures, Henkel expects adjusted return on sales (EBIT) to rise to around 16% and an increase in adjusted earnings per preferred share of approximately 10%.
Henkel AG & Co. KGaA Proposes Dividend for 2014
Mar 4 15
The Management Board, Supervisory Board and Shareholders' Committee of Henkel AG & Co. KGaA will propose an increase of 7.% to EUR 1.31 against EUR 1.22 in dividend per preferred share and an increase of 7.5% to EUR 1.29 against EUR 1.20 in dividend per ordinary share at the Annual General Meeting. As in the previous year, the payout ratio would then be 30.0%.
Henkel AG & Co. KGaA Presents at The Consumer Analyst Group of Europe (CAGE) Conference, Mar-16-2015 03:15 PM
Feb 20 15
Henkel AG & Co. KGaA Presents at The Consumer Analyst Group of Europe (CAGE) Conference, Mar-16-2015 03:15 PM. Venue: Hilton London Metropole, 225 Edgware Road, London W2 1JU, United Kingdom. Speakers: Carsten Knobel, Chief Financial Officer, Executive Vice President of Finance, Purchasing & Integrated Business Solutions and Member of Management Board, Renata Casaro, Head of Investor Relations.
Henkel AG & Co. KGaA Presents at UniCredit und Kepler Cheuvreux 14th German Corporate Conference, Jan-21-2015 10:45 AM
Jan 16 15
Henkel AG & Co. KGaA Presents at UniCredit und Kepler Cheuvreux 14th German Corporate Conference, Jan-21-2015 10:45 AM. Venue: Villa Kennedy, Kennedyallee 70, D-60596 Frankfurt, Germany. Speakers: Klaus Keutmann, Corporate Senior VP Controlling & Development.
Henkel AG & Co. KGaA Presents at 10th SRI Conference, Feb-04-2015 02:00 PM
Jan 12 15
Henkel AG & Co. KGaA Presents at 10th SRI Conference, Feb-04-2015 02:00 PM. Venue: Hilton, Hochstrabe 4, 60313 Frankfurt/Main, Germany. Speakers: Uwe Bergmann, Director of Sustainability Management.