Press & News

Henkel withdraws forecast for fiscal 2020

As the dynamic development of the COVID-19 pandemic impacts the global economy, a reliable and realistic evaluation of the future business performance of Henkel is currently not possible. As a consequence, the Management Board of Henkel AG & Co. KGaA has decided today that the forecast for fiscal 2020 published in the Annual Report 2019 will no longer be upheld.

Henkel launches comprehensive global solidarity program to support employees, customers and affected communities

• Donation of 2 million euros to WHO/UN Foundation COVID-19 fund and selected organizations
• Donation of 5 million units of personal and household hygiene products
• Production of disinfectants in Henkel plants
• Flexible payment terms for hairdressers
• Ensuring health and safety of employees on site and working from home

Henkel launches growth agenda

• Setting future direction with new strategic framework
  • Rigorously shape a winning portfolio
  • Accelerate impactful innovations with increased investments
  • Boost sustainability based on strong track record with ambitious targets
  • Transform Digital into a customer and consumer value creator
  • Reshape operating models to be lean, fast and simple
  • Strengthen collaborative culture with empowered people
• Growth agenda underpinned by mid- to long-term financial ambition
  • Organic sales growth of 2 – 4%
  • Adjusted* earnings per preferred share growth in mid- to high single-digit percentage range, at constant exchange rates
  • Focus on free cash flow expansion