Henkel AG & Co. KGaA

EANS-News: Henkel AG & Co. KGaA /

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Financial Figures/Balance Sheet


Düsseldorf (euro adhoc) - May 9, 2012


2012 targets reconfirmed

Henkel records solid sales growth and boosts profitability in first quarter


    - Sales rise 4.8 percent to 4,008 million euros (organic: +4.7%)
    - Adjusted* operating profit: up 16.6 percent to 551 million euros
    - Adjusted* EBIT margin: up 1.3 percentage points to 13.7%
    - Adjusted* earnings per preferred share (EPS): up 19.2% to 0.87 euros
    - Emerging markets again show above-average growth (+8.7%)
    - Improved gross margin despite raw material price increases


Düsseldorf - "Henkel had a  good  start  to  the  fiscal  year  in  spite  of  a
challenging and volatile market environment. We achieved  solid  organic  growth
and substantially improved our profitability," said Henkel CEO  Kasper  Rorsted.
"All of our business sectors contributed to this  achievement.  Once  again  our
emerging markets registered a strong development.  Thus,  we  are  confident  of
achieving our targets for 2012."

For the fiscal year  2012,  Rorsted  stated:  "We  expect  that  volatility  and
uncertainty will continue to influence our markets. Therefore, we will  continue
to adapt our structures and processes so that we can respond  more  quickly  and
flexibly than our competitors."

2012 guidance confirmed

Henkel confirmed its guidance for fiscal 2012. "We continue  to  expect  organic
sales growth to be between 3 and 5 percent. For  our  adjusted  EBIT  margin  we
anticipate an increase to 14 percent and for  adjusted  earnings  per  preferred
share we expect an improvement of at least 10 percent."

Henkel's sales in the first quarter of 2012 were  at  4,008  million  euros,  an
increase of 4.8 percent compared to  the  figure  for  the  prior-year  quarter.
Organic  sales,   which   exclude   the   impact   of   foreign   exchange   and
acquisitions/divestments, again rose by 4.7 percent, a solid  increase  compared
to the prior-year quarter.

All three business sectors contributed to this development: The Laundry  &  Home
Care business sector reported a solid organic growth rate of 4.5  percent,  with
Cosmetics/Toiletries also posting solid  organic  growth  of  4.0  percent.  The
Adhesive Technologies business sector generated strong organic sales  growth  of
5.6 percent. This solid performance was supported in all three business  sectors
by price increases Henkel was able to implement thanks to  its  innovations  and
strong brands.

After allowing for one-time gains, one-time charges and  restructuring  charges,
adjusted operating profit improved by 16.6 percent, from 473  million  euros  to
551 million euros,  with  all  three  business  sectors  contributing.  Reported
operating profit (EBIT) increased by 25.2 percent, from  430  million  euros  to
538 million euros.

Despite rising prices for raw materials and packaging, adjusted return on  sales
(EBIT margin) rose significantly by 1.3 percentage points, from 12.4 percent  to
13.7 percent. Reported return on sales was 13.4 percent, following 11.2  percent
in the comparative prior-year period.

Financial result improved slightly to -36 million euros compared to  the  prior-
year quarter (first quarter 2011:  -37 million euros). At 24.7 percent, the  tax
rate was 1.5 percentage points below the figure for the prior-year period  (26.2
percent).

Net income for the quarter improved by 30.3 percent, from 290 million  euros  to
378 million  euros.  After  deducting  9  million  euros  attributable  to  non-
controlling interests, quarterly  net  income  amounted  to  369  million  euros
(prior-year quarter: 285 million euros). Adjusted net  income  for  the  quarter
after deducting non-controlling interests was 377 million euros compared to  314
million euros in the prior-year quarter.  Earnings  per  preferred  share  (EPS)
rose from 0.66 euros to 0.86 euros. The adjusted figure was 0.87 euros  compared
to 0.73 euros in the first quarter of 2011.

The ratio of net working capital to sales was  8.0  percent,  remaining  at  the
level of the prior-year quarter. Net debt was further reduced to  1,159  million
euros (March 31, 2011: 1,874 million euros).

Business sector performance

The Laundry & Home Care  business  sector  started  2012  with  a  strong  first
quarter in which all its key financials substantially  exceeded  the  levels  of
the first quarter of 2011. Sales increased nominally by  3.3  percent  to  1,108
million euros. Organic sales rose by 4.5  percent,  benefiting  from  the  price
increases implemented both in the second half of 2011 and in the  first  quarter
of 2012. Volume remained at the level of the prior-year quarter.

This solid sales performance was supported primarily by  the  emerging  markets.
After the political unrest of the previous year, the Africa/Middle  East  region
recovered well, achieving a  double-digit  increase  in  organic  growth.  Latin
America posted a very strong sales performance. The growth dynamics  in  Eastern
Europe accelerated slightly, supported in  particular  by  further  very  strong
growth in Russia and Turkey. In Western Europe, the business  sector  registered
a slight decrease in sales, due in particular to negative market  conditions  in
the countries of Southern Europe and the persistently high level of  competitive
activity. By  contrast,  sales  in  North  America  were  strong.  Overall,  the
business sector  succeeded  in  further  expanding  its  market  shares  in  the
relevant markets.

Adjusted operating profit in the Laundry & Home  Care  business  sector  climbed
more than 20 percent to 160 million euros. Adjusted return on sales improved  by
2.1 percentage points to 14.5 percent. Operating profit came in at  157  million
euros, compared to 100 million euros in the same quarter last year.

The Cosmetics/Toiletries business sector continued its  long-term  upward  trend
in terms of profitable growth. Sales exceeded  the  prior-year  quarter  by  4.9
percent, reaching 861 million euros. In a weak market environment  characterized
by persistently high competitive activity, organic sales rose  once  again  with
an increase of 4.0 percent.

This solid sales performance was supported  by  all  regions.  Once  again,  the
strongest  momentum  came  from   the   emerging   markets.   Particularly   the
Africa/Middle East region and the growth markets in Asia  achieved  double-digit
growth. The mature markets saw  a  continuation  of  their  upward  trend,  with
further growth being especially achieved  in  Western  Europe,  despite  a  weak
market environment.

Adjusted operating profit  in  the  Cosmetics/Toiletries  business  sector  once
again improved  substantially  compared  to  the  prior-year  quarter,  with  an
increase of 9.3 percent to 124 million euros. At 14.4 percent,  adjusted  return
on sales exceeded once more the figure for the first quarter of  2011  and  grew
by 0.6 percentage points. Operating profit rose by 7.1 percent  to  120  million
euros.

The Adhesive Technologies business sector continued its  very  solid  sales  and
earnings performance through the first quarter of 2012. Sales increased  by  6.2
percent to 2,001 million euros. Organic sales rose by 5.6 percent.  This  strong
performance was supported  by  positive  price  developments  amounting  to  6.2
percent. Volume in the first quarter was slightly below the level of the  prior-
year quarter, with our partial withdrawal from the  emulsion  business  in  Asia
being a contributory factor.

The business sector's strong  sales  performance  was  supported  in  the  first
instance by Henkel's emerging markets. Here, particular momentum  was  generated
in the regions of Eastern Europe, Asia (excluding Japan) and Africa/Middle  East
in which the highest growth rates were achieved. Sales  in  the  mature  markets
also developed positively versus the prior-year quarter, with business in  North
America in particular registering very strong sales growth.

Adjusted operating profit in the Adhesive Technologies business sector showed  a
significant increase compared to the prior-year quarter, rising 16.9 percent  to
289 million euros. Adjusted return on sales improved by  1.3  percentage  points
to 14.4 percent. Operating profit rose to 283  million  euros,  an  increase  of
16.2 percent versus the prior-year period.

Regional performance

In a highly competitive market environment, sales in the Western  Europe  region
amounted to 1,437 million euros, roughly repeating the  level  of  the  previous
year. The effects of the growing financial crisis in Southern Europe  negatively
impacted the business performance and were reflected in an organic  growth  rate
for Western Europe of just 0.1 percent. Sales in the Eastern Europe region  rose
by 3.0 percent to 675 million euros.  Organic growth amounted  to  6.3  percent,
with the businesses in Turkey and the adhesives  business  in  Russia  making  a
particularly significant contribution. Nominal sales in the  Africa/Middle  East
region rose by 16.8 percent to  259  million  euros.  Although  growth  in  this
region continued to be affected by political unrest in some countries, a double-
digit organic improvement of 16.8 percent was nevertheless once again  achieved,
with the Laundry & Home  Care  business  sector  making  a  particularly  strong
contribution.

Sales of the North America region rose by 10.4 percent  to  746  million  euros.
Organically, sales in the  region  grew  by  6.3  percent  despite  a  reluctant
consumer climate in the USA. The Latin America region realized sales  growth  of
3.9 percent to 263 million euros. Organic sales growth was at 7.9 percent,  with
business performance in Mexico making a particularly important contribution.  In
the Asia-Pacific region, sales  rose  by  9.7  percent  to  589  million  euros.
Overall, the region  continued  to  show  very  strong  organic  growth  of  8.3
percent, supported in particular by growth in China and India.

Sales growth was again given a major boost by the emerging  markets  of  Eastern
Europe, Africa/Middle East, Latin  America  and  Asia  (excluding  Japan),  with
sales rising by 6.7 percent to 1,639 million euros. Organic growth  amounted  to
8.7 percent, supported in particular by the Adhesive Technologies and Laundry  &
Home Care business sectors. The emerging markets thus accounted for  41  percent
of Group sales (first quarter 2011: 40 percent).

Sales and profits forecast 2012

Henkel continues to expect organic sales growth of between 3 and 5  percent  for
fiscal 2012. Henkel is confident of continuing the positive growth trend  posted
by its consumer goods businesses, with sales expanding in the  low  single-digit
percentage range. For the Adhesive Technologies business sector, Henkel  expects
sales to grow in the mid single-digit  percentage  range.  Henkel  confirms  its
forecast for an adjusted return on  sales  (EBIT)  of  14  percent  (2011:  13.0
percent) and for an increase in adjusted earnings  per  preferred  share  of  at
least 10 percent (2011: 3.14 euros).  This  guidance  is  based  on  anticipated
increases  in  Henkel's  selling  prices  and  the  ongoing  adaptation  of  its
structures  to  the  constantly  changing  market  conditions.   Through   these
activities and the maintenance of its strict cost discipline, Henkel intends  to
more than offset the effects of increased raw material costs on its earnings.


This document  contains  forward-looking  statements  which  are  based  on  the
current estimates and assumptions made by the corporate management of Henkel  AG
& Co. KGaA. Forward-looking statements are characterized by  the  use  of  words
such as expect, intend, plan, predict, assume,  believe,  estimate,  anticipate,
forecast and similar formulations. Such statements are not to be  understood  as
in any way guaranteeing that those expectations will turn out  to  be  accurate.
Future performance and the results actually achieved by Henkel  AG  &  Co.  KGaA
and its affiliated companies depend on a number of risks and  uncertainties  and
may therefore differ materially from the  forward-looking  statements.  Many  of
these factors are outside Henkel's control and cannot  be  accurately  estimated
in advance,  such  as  the  future  economic  environment  and  the  actions  of
competitors and others involved in the marketplace.  Henkel  neither  plans  nor
undertakes to update forward-looking statements.



Contact

Lars Witteck                            Wulf Klüppelholz
Tel.  +49 211 797 - 2606                Tel. +49 211 797 - 1875
Fax   +49 211 798 - 4040                Fax  +49 211 798 - 4040
E-mail: {0>lars.witteck@henkel.com        E-
Mail:<}0{>lars.witteck@henkel.com    E-mail:

{0>wulf.klueppelholz@henkel.com<}0{>wulf.klueppelholz@henkel.com


Henkel AG & Co. KGaA


The report for the first quarter of 2012 and other information with download
material and the link to the teleconference broadcast can be found in our press
kit on the internet at: http://www.henkel.com/press/publication-report-q1-2012-
35825.htm


press@henkel.com


Further inquiry note:
Irene Honisch
Assistent Corporate Communications
Tel.: +49 (0)211 797-5668
E-Mail: irene.honisch@henkel.com

end of announcement                               euro adhoc 
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company:     Henkel AG & Co. KGaA
             Henkelstr. 67
             D-40191 Düsseldorf
phone:       +49 (0)211 797-0
FAX:         +49 (0)211 798-4008
WWW:      http://www.henkel.com
sector:      Consumer Goods
ISIN:        DE0006048432, DE0006048408
indexes:     DAX, CDAX, HDAX, Prime All Share
stockmarkets: free trade: Hannover, München, Hamburg, Düsseldorf, Stuttgart,
             regulated dealing: Berlin, regulated dealing/prime standard:
             Frankfurt 
language:   English
 



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