04/11/2011, Düsseldorf, Germany / Rocky Hill, Conn.
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Henkel reconfirms 2012 targets at Annual General Meeting
Rorsted also confirmed the targets for the fiscal year 2011 as previously announced at the company´s annual results press conference in February. “We expect to achieve organic growth of between 3 and 5 percent in 2011 and anticipate an increase in our adjusted EBIT margin to around 13 percent and a rise in adjusted earnings per preferred share of around 10 percent,” he said.
Dr. Simone Bagel-Trah, Chairwoman of the Shareholders´ Committee and of the Supervisory Board, thanked the Management Board and all employees for the results achieved and their dedication and commitment during the past year. “Thanks to the engagement and high motivation of our global team, we succeeded in expanding our market positions in all our business sectors, increasing both sales and profits,” she emphasized.
Referring to the current economic environment, Rorsted reiterated the need to constantly review and adapt the company´s structures. “Even though the economic situation in most markets has stabilized, we cannot slow down in our efforts to make Henkel even better. In order to ensure that we remain ahead of our peers in the highly competitive international markets, we must and will further adapt existing structures and workflows, become more efficient and continue to focus on innovations,” he said.
As essential factors for success in the future, Rorsted identified closer cooperation with customers, further strengthening Henkel´s top brands as well as innovations, and further expansion in emerging markets. Henkel already generates a share of 41 percent of its sales in these markets, and targets a share of 45 percent by the end of 2012.
Rorsted also emphasized the central importance of sustainability for the company. By the end of 2010 we had already achieved the sustainability targets that we set ourselves for 2012. “But he stressed that complacency would be misplaced. In the course of this year, we intend to further develop and launch our long-term sustainability strategy. We see cooperation along the value chain and the promotion of sustainable consumption as the primary challenges of the coming years,” he said.
Resolution on dividends
The Annual General Meeting approved a dividend of 0.70 euros per ordinary share and 0.72 euros per preferred share. The dividend payout significantly exceeds the prior year’s figures of 0.51 euros and 0.53 euros respectively.
Shareholders’ Committee by-election
Dr. Norbert Reithofer was elected as a member of the Shareholders’ Committee. Reithofer succeeds Dr. Ulrich Hartmann, who resigned from the Shareholders’ Committee.
Further information relating to the Annual General Meeting is available at:
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 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.