Henkel (HEN) AGM 2025 summary

Opening remarks and agenda

• AGM was formally opened with confirmation of proper convocation and legal compliance, welcoming all shareholders, media, and guests.

• All Supervisory and Management Board members were present; changes in board composition and by-elections were announced.

• The agenda included 10 items, with special resolutions on board elections, virtual AGM authorization, and new capital creation.

• Detailed procedural instructions were provided, including digital voting and attendance protocols.

Board and executive committee updates

• Andrea Piechotka resigned from the Supervisory Board, succeeded by Natalie Mühlenfeld.

• James Rowan resigned from the Shareholder Committee; Sabrina Sousson was proposed as his successor, bringing international management and innovation expertise.

• No changes to the Management Board since the last AGM.

Financial performance review

• Sales reached EUR 21.6 billion in 2024, with 2.6% organic growth and adjusted operating profit up 21% to EUR 3.1 billion.

• Adjusted return on sales rose to 14.3%; adjusted earnings per preferred share increased by 25% to EUR 5.36.

• Free cash flow was EUR 2.4 billion; net financial position nearly debt-free at minus EUR 93 million.

• Consumer Brands unit achieved EUR 10.5 billion in sales, 3% organic growth, and 13.6% adjusted return on sales.

• Adhesive Technologies unit reported EUR 11 billion in sales, 2.4% organic growth, and 16.6% adjusted return on sales.