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MarketScreener Homepage  >  Equities  >  Xetra  >  Henkel AG & Co. KGaA    HEN3   DE0006048432

HENKEL AG & CO. KGAA

(HEN3)
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Henkel : Adhesive Technologies Supplier Awards 2019 granted to Eastman, BYK and EVONIK

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11/11/2019 | 07:43am EDT

Henkel recognizes outstanding performance of its strategic partners.

Henkel Adhesive Technologies has awarded the performance of its strategic partners with its Supplier Awards. With these annual recognitions the business unit honors the close and successful collaboration across the value chains. This year the companies Eastman, BYK and Evonik have been awarded in the categories of Operational Excellence, Innovation and Sustainability.

'The close collaboration between Henkel and our strategic suppliers is a key success factor for our business', said Michael Todd, Global Head of Innovation and New Business Development at Henkel Adhesive Technologies, during this year's award ceremony held in Dusseldorf. 'Their know-how and performance enable us to continuously drive powerful innovations and to unlock new potentials across our businesses. These strong and trustful partnerships are essential to develop innovative solutions for our customers and to further gain competitive advantages in the diverse markets we serve.'

'The close cooperation and open exchange with our strategic suppliers throughout the entire value chain enable us to translate the needs and expectations of our customers into tailor-made and meaningful solutions' added Thomas Holenia, Corporate Vice President Purchasing at Henkel. 'By aligning our strategic priorities and supply chains we increase agility and quality and achieve excellence in supply performance, innovation and sustainability. This is even more important in today's challenging market environment across the globe.'

Operational Excellence Award: Eastman

Henkel has presented the Operational Excellence Award to Eastman, a specialty chemical materials company headquartered in Kingsport, Tennessee, USA. The recognition was granted for Eastman's outstanding supply performance over several consecutive years, as well as the companies' ongoing efforts to ensure the competitiveness in an increasingly challenging market environment. Eastman has delivered an excellent service level degree with best in class 'On-Time' and 'In-Full' scores. In addition, the company demonstrated its commitment to top tier quality standards as well as a strong mutual cooperation among the Supply Chain Teams of Henkel and Eastman - a first-class delivery performance along with an exceptional view on chemical feedstocks.

Innovation Award: BYK

Henkel has granted the Innovation Award to BYK, a leading provider of additives for a broad range of industries, headquartered in Wesel, Germany, and member of the Altana group. The companies' additives are performance-critical ingredients in a variety of formulations across adhesives, sealants and construction chemicals. The collaboration was based on open exchange and an early access to innovations which resulted in BYK's growing contribution to numerous innovation projects and successful product launches of the Adhesive Technologies business unit. BYK was recognized for its strong customer-orientation and excellent technical customer service. Customer-centricity has been also proven by digital training and information sharing via exclusive tools and channels that helped to increase the interconnectivity of BYK with Henkel's global R&D community.

Sustainability Award: EVONIK

Henkel has presented the Sustainability Award to EVONIK, a global specialty chemicals company headquartered in Essen, Germany. The recognition was granted for EVONIK's achievements to develop innovative product solutions while reducing the environmental impact. In 2019, the company demonstrated excellent support on Henkel's sustainabilty targets and showed the best contribution to Henkel's sustainability objectives. The strong partnership between both companies was characterized by an open exchange and access with focus on sustainable innovations. The strong collaboration resulted in a solution-based project portfolio including bio-based materials, improvements for a circular economy, replacements of substances of very high concern (SHVC) and transparency on CO2 footprint data.

(C) 2019 Electronic News Publishing, source ENP Newswire


Stocks mentioned in the article
ChangeLast1st jan.
EASTMAN CHEMICAL COMPANY -0.82% 85.78 Delayed Quote.9.12%
HENKEL AG & CO. KGAA -1.01% 90.46 Delayed Quote.-1.89%
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Financials
Sales 2020 19 222 M 22 625 M 22 625 M
Net income 2020 1 602 M 1 885 M 1 885 M
Net Debt 2020 1 678 M 1 975 M 1 975 M
P/E ratio 2020 23,3x
Yield 2020 1,97%
Capitalization 36 919 M 43 490 M 43 455 M
EV / Sales 2020 2,01x
EV / Sales 2021 1,90x
Nbr of Employees 52 450
Free-Float 62,7%
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Mean consensus HOLD
Number of Analysts 25
Average target price 89,53 €
Last Close Price 90,46 €
Spread / Highest target 17,2%
Spread / Average Target -1,02%
Spread / Lowest Target -32,6%
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Carsten Knobel Chief Executive Officer
Simone Bagel-Trah Chairman-Supervisory Board
Marco Swoboda Chief Financial Officer
Michael Kaschke Member-Supervisory Board
Jutta Bernicke Member-Supervisory Board
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