Financials Henkel AG & Co. KGaA

Equities

Real-time Estimate Tradegate Other stock markets 05:50:08 2025-07-14 am EDT			5-day change	1st Jan Change
67.31 ^EUR	-0.28%		-0.27%	-20.57%

Jul. 10	Henkel Adds Renewable Raw Materials in European Production	MT
Jul. 04	HENKEL : UBS forecasts for H1	CF

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	19,250	20,066	23,397	21,514	21,586	21,216	21,641	22,157
Change	-	4.24%	16.6%	-8.05%	0.33%	-1.72%	2%	2.38%
EBITDA ¹	3,675	3,395	2,879	3,474	3,799	3,837	3,981	4,103
Change	-	-7.62%	-15.2%	20.67%	9.36%	1.01%	3.73%	3.07%
EBIT ¹	2,579	2,686	2,319	2,556	3,089	3,108	3,233	3,351
Change	-	4.15%	-13.66%	10.22%	20.85%	0.6%	4.02%	3.67%
Interest Paid ¹	-55	-64	-121	-122	-108	-77.98	-97.77	-105.4
Earnings before Tax (EBT) ¹	1,925	2,149	1,689	1,888	2,723	2,817	2,975	3,066
Change	-	11.64%	-21.41%	11.78%	44.23%	3.46%	5.61%	3.05%
Net income ¹	1,408	1,634	1,259	1,318	2,007	2,031	2,146	2,274
Change	-	16.05%	-22.95%	4.69%	52.28%	1.21%	5.64%	5.96%
Announcement Date	3/4/21	2/23/22	3/7/23	3/4/24	3/11/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	4,927	4,558	4,999	4,765	4,968	4,958	5,092	5,047	5,271	5,642	5,976	5,509	5,609	5,317	5,440	5,148	5,317	5,496	5,492	5,281	5,242	5,240	5,256	4,940
Change	-	-7.49%	9.68%	-4.68%	4.26%	-0.2%	2.7%	-0.88%	4.44%	7.04%	5.92%	-7.81%	1.82%	-5.21%	2.31%	-5.37%	3.28%	3.37%	-0.07%	-3.84%	-0.74%	-0.03%	0.29%	-6%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	587	587	531.5	531.5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	0%	-9.45%	0%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	388	388	316	316	471	471	-	-	223.5	223.5	-	-	-	-	-	-	-	-	-	-	-	545.8	511.9	511.9
Change	-	0%	-18.56%	0%	49.05%	0%	-	-	-	0%	-	-	-	-	-	-	-	-	-	-	-	-	-6.2%	0%
Announcement Date	5/11/20	8/6/20	11/10/20	3/4/21	5/6/21	8/12/21	11/23/21	2/23/22	5/5/22	8/15/22	11/8/22	3/7/23	5/10/23	8/10/23	12/4/23	3/4/24	5/13/24	8/13/24	12/11/24	3/11/25	-	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	9,765	9,926	10,140	10,913	11,485	10,926	10,588	10,813	10,773	10,566	10,449
Change	-	1.65%	2.16%	7.62%	5.24%	-4.87%	-3.09%	2.13%	-0.37%	-1.92%	-1.11%
EBITDA ¹	2,099	1,810	1,613	1,536	1,343	1,675	1,799	1,963	1,836	1,909	1,875
Change	-	-13.77%	-10.88%	-4.77%	-12.57%	24.72%	7.4%	9.12%	-6.47%	3.98%	-1.78%
EBIT ¹	1,388	1,430	1,256	1,166	1,153	1,254	1,302	1,610	1,479	1,552	1,501
Change	-	3.03%	-12.17%	-7.17%	-1.11%	8.76%	3.83%	23.66%	-8.14%	4.9%	-3.25%
Charge d'intérêts ¹	-23	-29	-35	-70	-51	-53	-69	-33	-75	-34.5	-37
Earnings before Tax (EBT)	883	1,267	-	-	-	-	-	-	-	-	-
Change	-	43.49%	-	-	-	-	-	-	-	-	-
Net income	632	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	3/4/21	8/12/21	2/23/22	8/15/22	3/7/23	8/10/23	3/4/24	8/13/24	3/11/25	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	1,475	1,036	1,819	318	-688	-595	-1,664	-3,170
Change	-	-29.76%	75.58%	-82.52%	-316.35%	13.52%	-179.66%	-90.5%
Announcement Date	3/4/21	2/23/22	3/7/23	3/4/24	3/11/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	715	624	593	608	626	679.6	701.1	689.7
Change	-	-12.73%	-4.97%	2.53%	2.96%	8.57%	3.15%	-1.62%
Free Cash Flow (FCF) ¹	2,365	1,478	654	2,647	2,494	2,118	2,128	2,130
Change	-	-37.51%	-55.75%	304.74%	-5.78%	-15.09%	0.5%	0.08%
Announcement Date	3/4/21	2/23/22	3/7/23	3/4/24	3/11/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	19.09%	16.92%	12.3%	16.15%	17.6%	18.09%	18.39%	18.52%
EBIT Margin (%)	13.4%	13.39%	9.91%	11.88%	14.31%	14.65%	14.94%	15.13%
EBT Margin (%)	10%	10.71%	7.22%	8.78%	12.61%	13.28%	13.75%	13.84%
Net margin (%)	7.31%	8.14%	5.38%	6.13%	9.3%	9.57%	9.92%	10.26%
FCF margin (%)	12.29%	7.37%	2.8%	12.3%	11.55%	9.98%	9.83%	9.61%
FCF / Net Income (%)	167.97%	90.45%	51.95%	200.83%	124.27%	104.25%	99.18%	93.67%
Profitability
ROA	4.57%	5.2%	5.05%	4.06%	6.7%	6.31%	6.87%	6.3%
ROE	7.6%	9.1%	6.3%	6.6%	10.2%	10.3%	10.73%	10.2%
Financial Health
Leverage (Debt/EBITDA)	0.4x	0.31x	0.63x	0.09x	-	-	-	-
Debt / Free cash flow	0.62x	0.7x	2.78x	0.12x	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	3.71%	3.11%	2.53%	2.83%	2.9%	3.2%	3.24%	3.11%
CAPEX / EBITDA (%)	19.46%	18.38%	20.6%	17.5%	16.48%	17.71%	17.61%	16.81%
CAPEX / FCF (%)	30.23%	42.22%	90.67%	22.97%	25.1%	32.1%	32.94%	32.38%
Items per share
Cash flow per share ¹	7.092	4.93	2.911	-	7.44	7.286	8.201	9.603
Change	-	-30.49%	-40.96%	-	-	-2.06%	12.55%	17.1%
Dividend per Share ¹	1.85	1.83	1.85	1.85	2.04	2.116	2.214	2.344
Change	-	-1.08%	1.09%	0%	10.27%	3.73%	4.62%	5.86%
Book Value Per Share ¹	40.94	45.4	47.58	-	51.82	53.84	57.02	60.26
Change	-	10.9%	4.81%	-	-	3.89%	5.92%	5.68%
EPS ¹	3.25	3.78	2.95	3.15	4.8	4.897	5.216	5.57
Change	-	16.31%	-21.96%	6.78%	52.38%	2.02%	6.52%	6.78%
Nbr of stocks (in thousands)	434,143	434,032	426,105	422,091	419,327	413,631	413,631	413,631
Announcement Date	3/4/21	2/23/22	3/7/23	3/4/24	3/11/25	-	-	-