Henkel (HEN) Investor presentation summary

Key developments and highlights FY 2025

• Achieved 0.9% organic sales growth and 14.8% adjusted EBIT margin, with 4.7% adjusted EPS growth at constant FX.

• Integration of Consumer Brands completed ahead of plan, delivering €540m in net savings.

• Attractive acquisitions in both business units, including ATP Adhesive Systems, Stahl Group, and Not Your Mother's.

• Increased shareholder returns through higher dividend and ongoing share buyback program.

• Guidance for 2026 targets further top- and bottom-line growth, reiterating mid-term ambitions.

Financial performance FY 2025

• Group sales reached €20.5bn, with Adhesive Technologies at €10.7bn and Consumer Brands at €9.7bn.

• Adhesive Technologies delivered 1.5% organic sales growth and 16.7% EBIT margin; Consumer Brands posted 0.3% growth and 14.5% margin.

• Free cash flow was €1.9bn, net financial position improved by €0.2bn year-over-year.

• Adjusted EPS was €5.33, up 4.7% at constant currencies; dividend proposed at €2.07 per share.

• Top 10 brands outperformed, contributing ~60% of Consumer Brands sales.

Business unit performance

• Adhesive Technologies saw strong growth in Electronics and Industrials, with Mobility & Electronics up 3.3%.

• Consumer Brands' Hair segment grew 3.2%, while Laundry & Home Care declined 0.9%.

• Packaging & Consumer Goods segment declined 0.6% due to lower packaging demand.

• Other Consumer Businesses declined 3.3%, mainly from Body Care.

• Regional sales growth strongest in Asia-Pacific (+3.4%), with declines in Europe and North America.