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EANS-News: Henkel AG & Co. KGaA /

Geschrieben am 01-08-2012

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Financial Figures/Balance Sheet

Düsseldorf (euro adhoc) - August 1, 2012

Good performance continued through second quarter 2012

Henkel reports strong increase in sales and earnings

- Sales rise 6.4 percent to 4,206 million euros (organic: + 4.0%)
- Adjusted* operating profit: + 18.6 percent to 609 million euros
- Adjusted* EBIT margin: + 1.5 percentage points to 14.5 percent
- Adjusted* earnings per preferred share (EPS): + 22.8 percent to 0.97
euros
- Emerging markets again primary success drivers (organic sales: + 8.1%)

- Targets for 2012 confirmed; EPS growth outlook raised from at least
10 percent to around 15 percent

Düsseldorf - "Henkel continued its good performance in the
second quarter, despite a difficult market environment. We generated
profitable growth in all our business sectors and posted a
substantial increase in our EBIT margin," said Henkel CEO Kasper
Rorsted. "The solid results achieved in the second quarter
also reflect our persistent focus on our strategic priorities. We
have thus taken an important step towards achieving our targets for
2012."

Looking at the full fiscal year 2012, Rorsted said: "We expect that
the very volatile environment with uncertainties in our
markets will persist. In particular, the effects of the debt
and financial crises in a number of countries will continue to
be a challenge. Hence, we will continue to analyze, adapt and
further improve our processes and structures."

Guidance for 2012 confirmed - Outlook for EPS growth raised

"Based on our solid performance in this first half year, we are
confident of achieving our targets for 2012. We expect organic sales
growth to be between 3 and 5 percent and to increase adjusted EBIT
margin to 14 percent. For adjusted earnings per preferred share, we
have raised our growth outlook from at least 10 percent to around
15 percent," Rorsted added.

Henkel's sales in the second quarter of 2012 were 4,206 million
euros, an increase of 6.4 percent compared to the figure for the
prior-year quarter. Organic sales, which exclude the impact
of foreign exchange and acquisitions/divestments, rose by 4.0
percent, a solid increase compared to the prior-year quarter.

All three business sectors contributed to this positive development:
Laundry & Home Care registered strong organic growth of 5.1 percent;
organic sales growth at the Cosmetics/Toiletries business sector
reached a solid 2.8 percent; and the Adhesive Technologies
business sector also generated solid organic sales growth
amounting to 3.6 percent.

After allowing for one-time gains, one-time charges and
restructuring charges, adjusted operating profit improved by 18.6
percent, from 514 million euros to 609 million euros, with all
three business sectors contributing. Reported operating profit
(EBIT) increased by 8.5 percent, from 537 million euros to 583
million euros.

Adjusted return on sales (EBIT margin) increased significantly
by 1.5 percentage points, from 13.0 percent to 14.5 percent.
Reported return on sales was 13.9 percent, following 13.6 percent
in the comparative prior-year period.

The company's financial result improved versus the prior-year
quarter by 6 million euros to -35 million euros. At 24.8 percent,
the tax rate was slightly above the level of the previous year
(24.4 percent).

Net income for the quarter rose by 9.9 percent, from 375 million
euros to 412 million euros. After deducting 11 million euros
attributable to non-controlling interests, quarterly net income
amounted to 401 million euros (prior-year quarter: 366 million
euros). Adjusted quarterly net income after deducting non-
controlling interests amounted to 420 million euros compared to
343 million euros in the prior-year quarter. Earnings per preferred
share (EPS) rose from 0.85 euros to 0.92 euros. The adjusted
figure was 0.97 euros compared to 0.79 euros in the prior-year
quarter.

Further good progress was made in the management of net
working capital. Compared to the prior-year period, the ratio of net
working capital to sales improved by 0.9 percentage points to 7.5
percent. Net debt was reduced to 1,269 million euros as of June 30,
2012 (June 30, 2011: 1,959 million euros).

Business performance January through June 2012

In the first six months of fiscal 2012, Henkel increased sales versus
the prior- year period by a strong 5.6 percent to 8,214 million
euros. Organic sales also showed solid growth of 4.3 percent versus
the first half of 2011. Adjusted operating profit rose by 17.6
percent, from 987 million euros to 1,160 million euros, with all
three business sectors contributing to the positive
performance. Adjusted return on sales (EBIT margin) improved from
12.7 percent to 14.1 percent.

Net income for the half year rose by 21.8 percent, from 671 million
euros to 817 million euros. After deducting 20 million euros
attributable to non- controlling interests, quarterly net income
amounted to 797 million euros (prior-year period: 657 million
euros). Adjusted earnings per preferred share (EPS) rose by 21.1
percent, from 1.52 euros to 1.84 euros.

Business sector performance second quarter 2012

The Laundry & Home Care business sector continued its strong sales
and earnings performance in the second quarter, with all its key
financials outstripping those of the second quarter of 2011. Nominal
sales rose by 6.6 percent to 1,147 million euros, compared to 1,076
million euros in the prior-year quarter. Organically, sales rose
by 5.1 percent.

All regions contributed to the strong sales performance achieved.
The greatest impetus again came from the emerging markets,
which achieved double-digit growth rates overall, with
Africa/Middle East and Latin America posting the highest growth
rates. Sales in Eastern Europe were also very strong, supported in
particular by a double-digit rate of growth in Russia and Turkey.
Following a slight decrease in sales in the first quarter, the
company returned to positive sales growth in Western Europe against
a still weak market environment in the Southern European countries
and a persistently high level of competitive intensity. Sales in
North America increased despite a further contraction in the
market.

Adjusted operating profit increased significantly - by almost 20
percent - to 167 million euros, while adjusted return on sales
improved by 1.5 percentage points to 14.5 percent, with ongoing
measures to reduce costs and enhance efficiency having a
positive effect. Reported operating profit totaled 153 million
euros compared to 157 million euros in the comparative
prior-year quarter.

The Cosmetics/Toiletries business sector continued its uptrend in
profitable growth during the second quarter. Nominal sales totaled
921 million euros, 4.5 percent above the 881 million euros
generated in the prior-year quarter. Organic sales rose by 2.8
percent.

Growth was supported by all regions, albeit with the
emerging markets continuing to show the strongest dynamics. The
regions of Africa/Middle East and Asia (excluding Japan) delivered
double-digit growth rates, with sales in Eastern Europe and Latin
America likewise developing positively. Bucking the adverse
economic conditions prevailing in the mature markets, the
company generated solid sales growth in Western Europe and also
posted a positive sales performance in North America.

Adjusted operating profit increased by 7.1 percent to 133 million
euros. At 14.4 percent, adjusted return on sales rose by 0.3
percentage points compared to the second quarter of 2011. Reported
operating profit was at 131 million euros following 140 million
euros in the prior-year quarter, this latter figure having included
a one-time gain from the disposal of the branded consumer goods
business in India.

The Adhesive Technologies business sector again succeeded in
increasing its sales in the second quarter of 2012, accompanied
by a further substantial improvement in earnings. Nominal sales
rose by 6.9 percent to 2,099 million euros, with organic growth
coming in at 3.6 percent.

The emerging markets provided important impetus for the solid
sales increase achieved, with good, above-average sales being posted
in the regions of Eastern Europe and Africa/Middle East
particularly. In Western Europe, sales were slightly below the
level of the prior-year quarter, due primarily to adverse market
conditions in Southern Europe. By contrast, the strong growth
posted once again by the businesses in North America made a major
contribution to the rise in sales.

Adjusted operating profit again increased by a substantial 18.7
percent to 330 million euros. Adjusted return on sales improved
by 1.5 percentage points, reaching 15.7 percent for the first
time. Compared to the prior-year quarter, reported operating
profit rose by 21.3 percent to 327 million euros.

Regional performance

At 1.425 million euros and with organic growth of -0.1 percent sales
in Western Europe, which account for around one third of total
Henkel sales, remained at the level of the prior year quarter in a
highly competitive market environment. The effects of the growing
financial crisis in Southern Europe were offset. Sales in the
Eastern Europe region rose by 5.8 percent to 771 million euros.
Organic growth was 7.9 percent. Among the primary
contributors to this improvement were the company's businesses in
Turkey and its adhesives operation in Russia. Henkel once again
generated double-digit organic growth in the Africa/Middle East
region, posting an increase this time of 14.1 percent. The
contribution made here by the Laundry & Home care business was
especially strong. Nominal sales rose by 20.7 percent to 279 million
euros, compared to 231 million euros in the comparative prior-year
quarter.

Sales in the North America region rose by 13.2 percent to 765
million euros. Despite a reluctant consumer climate, sales grew
organically by 3.8 percent, driven in particular by the adhesives
business. At 270 million euros, sales in the Latin America region
remained roughly at the prior-year level. Organic sales grew by
3.9 percent, with business development in Mexico making a
particularly important contribution. The Asia-Pacific region
registered sales growth of 11.8 percent to 657 million euros. In
organic terms, sales rose by 4.5 percent, driven in particular by
growth in China and Indonesia.

Sales growth was again given a particular boost by the emerging
markets of Eastern Europe, Africa/Middle East, Latin America and
Asia (excluding Japan) where sales rose by 9.3 percent to 1,829
million euros. Organic growth was 8.1 percent. The share of sales
attributable to these emerging markets increased from 42 percent
of consolidated sales in the prior-year quarter to 43 percent this
time.

Sales and profits forecast 2012

Henkel continues to expect an organic sales growth rate of between
3 and 5 percent for the full fiscal year. Henkel is confident
of continuing the positive growth trend posted by its consumer
goods businesses, with organic sales expected to expand in the
low single-digit percentage range. For the Adhesive Technologies
business sector, Henkel expects organic 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). The forecasted increase in adjusted earnings per preferred
share (2011 figure: 3.14 euros) has been specified. Henkel now
expects an increase of around 15 percent (previously: at least 10
percent). 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: lars.witteck@henkel.com E-mail: wulf.klueppelholz@henkel.com

Henkel AG & Co. KGaA

The report for the second quarter of 2012 and other information with
download material and the link to the teleconference broadcast can be
found in our press folder on the internet at: http://www.henkel.com/p
ress/publication-report-q2-half-year-2012-36162.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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