Henkel (HEN) Investor presentation summary

Strategic positioning and business overview

• Celebrating 150 years, the group holds global leadership in adhesives and is #2 in consumer brands in active markets, with a strong presence across over 800 industries worldwide.

• Adhesive Technologies accounts for 52% of sales, Consumer Brands 47%, with a balanced geographic footprint across Europe, North America, Asia-Pacific, IMEA, and Latin America.

• Focused on expanding innovation leadership, investing in high-growth markets, and leveraging digital and AI capabilities for both business segments.

• Portfolio transformation and targeted M&A have sharpened brand focus and expanded into premium and high-growth categories.

Financial performance and ambitions

• FY 2025 sales reached €20.5bn, with an adjusted EBIT margin of 14.8% and adjusted EPS of €5.33, reflecting a 4.7% growth.

• Q1 2026 group sales were €5.0bn, with organic sales growth of 1.7%; Adhesive Technologies and Consumer Brands both contributed positively.

• Mid-term ambitions target 3–4% organic sales growth, ~16% adjusted EBIT margin, and continued free cash flow expansion.

• Outlook for 2026 projects organic sales growth of 1.0–3.0% and adjusted EBIT margin of 14.5–16.0%.

Adhesive Technologies segment

• Maintains #1 global position with ~14% market share, serving >800 industrial segments and generating €10.7bn in 2025 sales.

• Growth driven by megatrends in urbanization, mobility, connectivity, digitalization, and sustainability.

• Recent acquisitions (e.g., ATP, Critica, Stahl) added ~€1.5bn in profitable sales and expanded technology portfolio.

• High R&D investment (~€360m in 2025), with 25% of sales from products launched in the last five years.

• Mid-term ambition: 3–5% organic sales growth and high-teens EBIT margin.