132 Annual Report 2009
We have audited the consolidated financial statements pre–
pared by Henkel AG & Co. KGaA, comprising the consoli–
dated balance sheet, the consolidated statement of income,
the statement of comprehensive income, the statement of
changes in equity, and the consolidated cash flow statement,
and the notes to the consolidated financial statements,
together with the Group management report for the busi-
ness year from January 1, 2009 to December 31, 2009. The
preparation of the consolidated financial statements and
the Group management report in accordance with Interna–
tional Financial Reporting Standards (IFRS) as adopted by
the European Union, and the additional requirements of
German commercial law pursuant to § 315a (1) HGB (German
Commercial Code) are the responsibility of the personally
liable partner of Henkel AG & Co. KGaA. Our responsibil–
ity is to express an opinion on the consolidated financial
statements and on the Group management report based
on our audit.
We conducted our audit of the consolidated financial state–
ments in accordance with § 317 HGB and German generally
accepted standards for the audit of financial statements
promulgated by the Institut der Wirtschaftsprüfer (IDW) and
in supplementary compliance with International Standards
on Auditing (ISA). Those standards require that we plan and
perform the audit such that misstatements materially af–
fecting the presentation of the net assets, financial position
and results of operations in the consolidated financial state–
ments prepared in accordance with the applicable finan–
cial reporting framework and in the Group management
report, are detected with reasonable assurance. Knowledge
of the business activities and of the economic and legal
environment of the Group and expectations as to possible
misstatements are taken into account in the determination
of audit procedures. The effectiveness of the accounting-
related internal control system and the evidence supporting
the disclosures in the consolidated financial statements and
the Group management report are examined primarily on
a test basis within the framework of the audit. The audit
includes assessing the annual financial statements of those
entities included in the consolidation, the determination of
entities to be included in the consolidation, the accounting
and consolidation principles used and significant estimates
made by the personally liable partner of the company, as
well as evaluating the overall presentation of the consoli–
dated financial statements and Group management report.
We believe that our audit provides a reasonable basis for
our opinion.
Our audit has not led to any reservations.
In our opinion, based on the findings of our audit, the
consolidated financial statements comply with IFRS as adopt–
ed by the European Union and the additional requirements
of German commercial law pursuant to § 315a (1) HGB and
give a true and fair view of the net assets, financial posi–
tion and results of operations of the Group in accordance
with these requirements. The Group management report is
consistent with the consolidated financial statements, and
as a whole provides a suitable view of the Group’s position
and suitably presents the opportunities and risks of future
development.
Düsseldorf, January 29, 2010
KPMG AG
Wirtschaftsprüfungsgesellschaft
Thomas Sauter Michael Gewehr
Wirtschaftsprüfer Wirtschaftsprüfer
Auditor’s report
133
Annual Report 2009
To the best of our knowledge, and in accordance with the
applicable accounting principles for financial reporting, the
consolidated financial statements give a true and fair view
of the net assets, financial position and results of operations
of the Group, and the management report of the Group
includes a fair review of the development, performance
and results of the business and the position of the Group,
together with a cogent description of the principal opportu–
nities and risks associated with the expected development
of the Group.
Düsseldorf, January 29, 2010
Henkel Management AG
Management Board
Kasper Rorsted,
Thomas Geitner, Dr. Friedrich Stara,
Dr. Lothar Steinebach, Hans Van Bylen
Responsibility statement
134 Annual Report 2009
Notes to the consolidated financial statements » Corporate management of Henkel AG & Co. KGaA
Dipl.-Ing. Albrecht Woeste
Honorary Chairman of the Henkel Group
Supervisory Board of Henkel AG & Co. KGaA
Members of the Supervisory Board of
Henkel AG & Co. KGaA
Membership of statutory
supervisory boards
Membership of comparable
supervisory boards
Dr. Simone Bagel-Trah
Chair,
(Chair since September 23, 2009)
Private Investor, Düsseldorf
Born in 1969
Member since April 14, 2008
Henkel Management AG Henkel AG & Co. KGaA
(Shareholders’ Committee)
Winfried Zander
1)
Vice-chair,
Chairman of the General Works Council of Henkel AG
& Co. KGaA and Chairman of the Works Council of
Henkel AG & Co. KGaA, Düsseldorf site
Born in 1954
Member since May 17, 1993
Dr. Friderike Bagel
(until April 20, 2009)
Attorney at Law/Tax Consultant, Düsseldorf
Born in 1971
Member since April 18, 2005
Jutta Bernicke
1)
Member of the Works Council of
Henkel AG & Co. KGaA, Düsseldorf site
Born in 1962
Member since April 14, 2008
Fritz Franke
1)
(until December 31, 2009)
Member of the General Works Council of
Henkel AG & Co. KGaA and Chairman
of the Works Council of Henkel AG & Co. KGaA,
Genthin site
Born in 1955
Member since April 14, 2008
Johann-Christoph Frey
(since September 23, 2009)
Diplom-Kaufmann, Klosters
Born in 1955,
Member since September 23, 2009
Henkel Ibérica S.A., Spain
Birgit Helten-Kindlein
1)
Member of the Works Council of
Henkel AG & Co. KGaA, Düsseldorf site
Born in 1964
Member since April 14, 2008
Bernd Hinz
1)
Member of the General Works Council of
Henkel AG & Co. KGaA and Vice-chairman
of the Works Council of
Henkel AG & Co. KGaA, Düsseldorf site
Born in 1951
Member since May 4, 1998
1) Employee representative
Corporate management of Henkel AG & Co. KGaA
Boards / Memberships as defined by Clause 125 (1) sentence 3 of the German Joint Stock Corporation Act [AktG]
as at January 2010
135
Annual Report 2009
Notes to the consolidated financial statements » Corporate management of Henkel AG & Co. KGaA
Supervisory Board of Henkel AG & Co. KGaA
Members of the Supervisory Board of
Henkel AG & Co. KGaA (continued)
Membership of statutory
supervisory boards
Membership of comparable
supervisory boards
Prof. Dr. sc. nat. Michael Kaschke
Member of the Executive Board of
Carl Zeiss AG, Oberkochen
Born in 1957
Member since April 14, 2008
Siltronic AG,
Carl Zeiss Group mandate:
Carl Zeiss MicroImaging GmbH (Chair)
Carl Zeiss Group mandates:
Carl Zeiss Japan Co. Ltd. (Chair),
Carl Zeiss Far East (Chair),
Carl Zeiss India Pte. Ltd. (Chair)
Thomas Manchot
Private Investor, Düsseldorf
Born in 1965
Member since April 10, 2006
Mayc Nienhaus
1)
(since January 1, 2010)
Member of the General Works Council of
Henkel AG & Co. KGaA and Chairman
of the Works Council of Henkel AG & Co. KGaA,
Unna site
Born in 1961
Member since January 1, 2010
Thierry Paternot
Operating Partner, Duke Street Capital, Paris
Born in 1948
Member since April 14, 2008
SGD SA (Chair), France,
FullSix International SAS (Chair), France,
Bio DS SAS, France
Andrea Pichottka
1)
Secretariat of the General Executive
of IG Bergbau, Chemie, Energie,
responsible for research/technology,
women/equal opportunities, salaried employees,
advertising, Hannover
Born in 1959
Member since October 26, 2004
Siltronic AG
Prof. Dr. Theo Siegert
(since April 20, 2009)
Managing Partner
of de Haen-Carstanjen & Söhne, Düsseldorf
Born in 1947
Member since April 20, 2009
Deutsche Bank AG,
E.ON AG,
ERGO AG,
Merck KGaA
DKSH Holding Ltd., Switzerland,
E. Merck OHG
Konstantin von Unger
Founding Partner Blue Corporate
Finance, London
Born in 1966
Member since April 10, 2006
Henkel AG & Co. KGaA
(Shareholders’ Committee),
Ten Lifestyle Management Ltd.,
Great Britain
Michael Vassiliadis
1)
Chairman of the Executive
Committee of IG Bergbau,
Chemie, Energie, Hannover
Born in 1964
Member since May 4, 1998
BASF SE,
K + S AG (Vice-chair),
Evonik Steag GmbH (Vice-chair)
1) Employee representative
136 Annual Report 2009
Notes to the consolidated financial statements » Corporate management of Henkel AG & Co. KGaA
Supervisory Board of Henkel AG & Co. KGaA
Members of the Supervisory Board of
Henkel AG & Co. KGaA (continued)
Membership of statutory
supervisory boards
Membership of comparable
supervisory boards
Dr. h.c. Bernhard Walter
Member since May 4, 1998
Bilfinger Berger AG (Chair),
Dipl.-Ing. Albrecht Woeste
(Chair and member
until September 22, 2009)
Private Investor, Düsseldorf
Born in 1935
Member since June 27, 1988
Henkel Management AG Henkel AG & Co. KGaA
(Shareholders’ Committee)
Ulf Wentzien
1)
Diplom-Kaufmann, Düsseldorf
Representative of the Senior Staff of
Henkel AG & Co. KGaA
Born in 1963
Member since April 14, 2008
1) Employee representative
Committees of the Supervisory Board
Functions Members
Nominations Committee
The Nominations Committee prepares the
resolutions of the Supervisory Board on
proposals to be presented to the Annual General
Meeting on the election of members of the
Supervisory Board (shareholder-representative
members).
Dr. Simone Bagel-Trah, Chair
(member since April 20, 2009,
Chair since Sept. 23, 2009)
Dr. Friderike Bagel (until April 20, 2009)
Dr. h.c. Bernhard Walter
Konstantin von Unger (since September 23, 2009)
Dipl.-Ing. Albrecht Woeste
(Chair and member until September 22, 2009)
Audit Committee
The Audit Committee prepares the discussions
and resolutions of the Supervisory Board relating
to the approval of the annual financial state-
ments and the consolidated financial statements,
and relating to ratification of the proposal to be
put before the Annual General Meeting regard-
ing appointment of the auditor. It also deals with
accountancy, risk management and compliance
issues.
Dr. h.c. Bernhard Walter, Chair
Prof. Dr. Theo Siegert (since April 20, 2009),
Vice-chair
Dr. Friderike Bagel (until April 20, 2009)
Dr. Simone Bagel-Trah
(since September 23, 2009)
Birgit Helten-Kindlein
Michael Vassiliadis
Dipl.-Ing. Albrecht Woeste
(until September 22, 2009)
Winfried Zander
137
Annual Report 2009
Notes to the consolidated financial statements » Corporate management of Henkel AG & Co. KGaA
Shareholders’ Committee of Henkel AG & Co. KGaA
Members of the Shareholders’ Committee of
Henkel AG & Co. KGaA
Membership of statutory
supervisory boards
Membership of comparable
supervisory boards
Dr. Simone Bagel-Trah
Chair,
(Vice-chair until September 18, 2009)
Private Investor, Düsseldorf
Born in 1969
Member since April 18, 2005
Henkel AG & Co. KGaA,
Henkel Management AG
Dr. h.c. Christoph Henkel
Vice-chair,
Managing Partner Canyon Equity LLC, London
Born in 1958
Member since May 27, 1991
Dr. Paul Achleitner
Member of the Executive Board of Allianz SE,
Munich
Born in 1956
Member since April 30, 2001
Bayer AG,
RWE AG,
Allianz Group mandates:
Allianz Deutschland AG,
Allianz Global Investors AG
Boris Canessa
(since September 19, 2009)
Private Investor, Düsseldorf
Born in 1963
Member since September 19, 2009
Wilhelm von Finck AG
Stefan Hamelmann
Private Investor, Düsseldorf
Born in 1963
Member since May 3, 1999
Henkel Management AG
Dr. h.c. Ulrich Hartmann
Chairman of the Supervisory Board
of E.ON AG, Düsseldorf
Born in 1938
Member since May 4, 1998
Deutsche Lufthansa AG,
E.ON AG (Chair)
Prof. Dr. Ulrich Lehner
Former Chairman of the Management Board
of Henkel KGaA, Düsseldorf
Born in 1946
Member since April 14, 2008
Deutsche Telekom AG (Chair),
E.ON AG,
Henkel Management AG,
HSBC Trinkaus & Burkhardt AG,
Porsche Automobil Holding SE,
Dr. Ing. h.c. F. Porsche AG,
ThyssenKrupp AG
Dr. August Oetker KG,
Novartis AG, Switzerland
Konstantin von Unger
Founding Partner, Blue Corporate
Finance, London
Born in 1966
Member since April 14, 2003
Henkel AG & Co. KGaA Ten Lifestyle Management Ltd.,
Great Britain
Karel Vuursteen
Former Chairman of the Executive Board
of Heineken N.V., Amsterdam
Born in 1941
Member since May 6, 2002
Akzo Nobel N.V., Netherlands,
Heineken Holding N.V., Netherlands,
ING Groep N.V., Netherlands,
Tom Tom N.V., Netherlands
Werner Wenning
Chairman of the Executive Board of
Bayer AG, Leverkusen
Born in 1946
Member since April 14, 2008
Deutsche Bank AG,
E.ON AG,
HDI V.a.G,
Talanx AG
138 Annual Report 2009
Notes to the consolidated financial statements » Corporate management of Henkel AG & Co. KGaA
Shareholders’ Committee of Henkel AG & Co. KGaA
Members of the Shareholders’ Committee of
Henkel AG & Co. KGaA (continued)
Membership of statutory
supervisory boards
Membership of comparable
supervisory boards
Dipl.-Ing. Albrecht Woeste
(Chair and member until September 18, 2009)
Private Investor, Düsseldorf
Born in 1935
Member since June 14, 1976
Henkel AG & Co. KGaA,
Henkel Management AG
Subcommittees of the Shareholders’ Committee
Functions Members
Finance Subcommittee
The Finance Subcommittee deals principally with
financial matters, accounting issues including
the statutory year-end audit, taxation and
accounting policy and risk management in the
company.
Dr. h.c. Christoph Henkel, Chair
Stefan Hamelmann, Vice-chair
Dr. Paul Achleitner
Dr. h.c. Ulrich Hartmann
Prof. Dr. Ulrich Lehner
Human Resources Subcommittee
The Human Resources Subcommittee deals
principally with personnel matters for members
of the Management Board, issues relating to the
human resources strategy, and remuneration.
Dr. Simone Bagel-Trah, Chair
Konstantin von Unger, Vice-chair
Boris Canessa (since September 19, 2009)
Karel Vuursteen
Werner Wenning
Dipl.-Ing. Albrecht Woeste
(until September 18, 2009)
139
Annual Report 2009
Notes to the consolidated financial statements » Corporate management of Henkel AG & Co. KGaA
Personally Liable Partner of Henkel AG & Co. KGaA
Henkel Management AG
Düsseldorf,
Commercial Register HRB 58139,
District Court of Düsseldorf
Management Board of Henkel Management AG
Members of the Management Board of
Henkel Management AG
Membership of statutory
supervisory boards
Membership of comparable
supervisory boards
Kasper Rorsted
Chairman,
Human Resources/Infrastructure Services
Born in 1962
Member since February 15, 2008
(Member of the Management Board of
Henkel KGaA: April 1, 2005 – April 14, 2008)
Cable & Wireless, Plc., Great Britain,
Danfoss A/S, Denmark,
Henkel Norden AB, Sweden
Thomas Geitner
Adhesive Technologies
Born in 1955
Member since March 1, 2008
(Member of the Management Board of
Henkel KGaA: March 1, 2008 – April 14, 2008)
Singulus Technologies AG, Germany,
Pages Jaunes Groupe, France,
BBC Worldwide Ltd., Great Britain
Henkel Corp. (Chair), USA
Dr. Friedrich Stara
Laundry & Home Care
Born in 1949
Member since February 15, 2008
(Member of the Management Board of
Henkel KGaA: July 1, 2005 – April 14, 2008)
The Dial Corp. (Chair), USA,
Wiener Städtische Allgemeine
Versicherung AG, Austria
Dr. Lothar Steinebach
Finance/Purchasing/IT/Legal
Born in 1948
Member since February 15, 2008
(Member of the Management Board of
Henkel KGaA: July 1, 2003 – April 14, 2008)
LSG Lufthansa Service Holding AG Henkel Adhesives Middle East E.C., Bahrain,
Henkel (China) Investment Co. Ltd., China,
Henkel & Cie AG, Switzerland,
Henkel Central Eastern Europe GmbH
(Chair), Austria,
Henkel Consumer Goods Inc. (Chair), USA,
Henkel Ltd., Great Britain,
Henkel of America Inc. (Chair), USA,
Henkel Technologies Egypt SAE, Egypt,
Türk Henkel Kimya Sanayi ve Ticaret AS
(Chair), Turkey
Hans Van Bylen
Cosmetics/Toiletries
Born in 1961
Member since February 15, 2008
(Member of the Management Board of
Henkel KGaA: July 1, 2005 – April 14, 2008)
Henkel Belgium N.V., Belgium,
Henkel Nederland B.V., Netherlands
140 Annual Report 2009
Notes to the consolidated financial statements » Corporate management of Henkel AG & Co. KGaA / Further information
SBU = Strategic Business Unit
Supervisory Board of Henkel Management AG
Members of the Supervisory Board of
Henkel Management AG
Membership of statutory
supervisory boards
Membership of comparable
supervisory boards
Dr. Simone Bagel-Trah
Chair,
(Vice-chair until September 18, 2009)
Private Investor, Düsseldorf
Born in 1969
Member since February 15, 2008
Henkel AG & Co. KGaA Henkel AG & Co. KGaA
(Shareholders’ Committee)
Stefan Hamelmann
(since September 19, 2009)
Vice-chair,
Private Investor, Düsseldorf
Born in 1963
Member since September 19, 2009
Henkel AG & Co. KGaA
(Shareholders’ Committee)
Prof. Dr. Ulrich Lehner
Former Chairman of the Management Board
of Henkel KGaA, Düsseldorf
Born in 1946
Member since February 15, 2008
Deutsche Telekom AG (Chair),
E.ON AG,
HSBC Trinkaus & Burkhardt AG,
Porsche Automobil Holding SE,
Dr. Ing. h.c. F. Porsche AG,
ThyssenKrupp AG
Henkel AG & Co. KGaA
(Shareholders’ Committee),
Dr. August Oetker KG,
Novartis AG, Switzerland
Dipl.-Ing. Albrecht Woeste
(Chair and member until September 18, 2009)
Private Investor, Düsseldorf
Born in 1935
Member from February 15, 2008
Henkel AG & Co. KGaA Henkel AG & Co. KGaA
(Shareholders’ Committee)
Jan-Dirk Auris
Adhesive Technologies –
Asia-Pacific
Prof. Dr. Ramón Bacardit
Adhesive Technologies –
Research
Georg Baratta-Dragono
Laundry & Home Care –
Germany
(since January 1, 2010)
Alain Bauwens
Laundry & Home Care –
Business Development and
MENA/Asia-Pacific/Central America
Regions
Wolfgang Beynio
Finance/Controlling
Dr. Andreas Bruns
Infrastructure Services
Brad Casper
Dial Corporation North America and
Henkel Consumer Goods, Inc.
Julian Colquitt
Adhesive Technologies –
North America
Bertrand Conquéret
Global Purchasing
Jean Fayolle
Adhesive Technologies –
Packaging, Consumer Goods and
Construction Adhesives SBU
Enric Holzbacher
Adhesive Technologies –
Western Europe/Central Eastern
Europe/MEA Regions and
Consumer & Craftsmen Adhesives/
Building Adhesives SBU
Dr. Joachim Jäckle
Financial Operations
Carsten Knobel
Cosmetics/Toiletries –
Financial Director and
Finance, Corporate Controlling
Dirk-Stephan Koedijk
Chief Compliance Officer
Norbert Koll
Cosmetics/Toiletries –
Schwarzkopf Professional
Thomas Gerd Kühn
Legal, IP, Insurance
Dr. Marcus Kuhnert
Laundry & Home Care –
Financial Director
(since January 1, 2010)
Andreas Lange
Laundry & Home Care –
Western Europe Region
Kathrin Menges
Human Resources
(since November 1, 2009)
Tina Müller
Cosmetics/Toiletries –
Hair, Skin & Oral Care SBU
Prof. Dr. Thomas
Müller-Kirschbaum
Laundry & Home Care –
R&D/Technology/Supply Chain
Bruno Piacenza
Cosmetics/Toiletries –
Southern/Western Europe/MENA/
Asia-Pacific Regions, Export
Dr. Matthias Schmidt
Adhesive Technologies –
Financial Director
Stefan Sudhoff
Cosmetics/Toiletries –
Central & Eastern Europe/CIS/North
& Latin America Regions and
Body Care SBU
Alan Syzdek
Adhesive Technologies –
Global Electronic Materials
Business
Günter Thumser
Henkel Central Eastern Europe
Carsten Tilger
Corporate Communications
(from March 1, 2010)
Christian-André Weinberger
Laundry & Home Care –
Global Marketing & Sustainability
Dr. Peter Wroblowski
Information Technology
At January 2010
Further information
Corporate Senior Vice Presidents
141
Annual Report 2009
Further information
Giacomo Archi
Faruk Arig
Thomas Hans Jörg Auris
Francisco Beltran
Paul Berry
Cedric Berthod
Amy Bloebaum
Dr. Joachim Bolz
Oriol Bonaclocha
Guy Boone
Robert Bossuyt
Hanno Brenningmeyer
Daniel Brogan
Beat Buser
Sergey Bykovskikh
Edward Capasso
Michelle Cheung
Jürgen Convent
Susanne Cornelius
Nils Daecke
Paul de Bruecker
Ivan de Jonghe
Patrick de Meyer
Joseph Debiase
Hermann Deitzer
Nicola delli Venneri
Serge Delobel
Raymond Dimuzio
Dr. Alexander Ditze
Eric Dumez
Christof Eibel
Wolfgang Eichstaedt
Ashraf El Afifi
Steven Essick
Charles Evans
Sam Ewe
Thomas Feldbrügge
Dr. Peter Florenz
Dr. Thomas Förster
Timm Rainer Fries
Stephan Fuesti-Molnar
Holger Gerdes
Roberto Gianetti
Dr. Karl W. Gladt
Ralf Grauel
Peter Günther
Peter Hassel
Andreas Haupt
Roswitha Heiland
Georg Höbenstreit
Dr. Alois Hoeger
Dr. Dirk Holbach
Jos Hubin
Dr. Stefan Huchler
Jeremy Hunter
Will Jacobs
Dr. Regina Jäger
Patrick Kaminski
Peter Kardorff
Thomas Keller
Klaus Keutmann
Paul Kirsch
Dr. Christian Kirsten
Dr. Wolfgang Klauck
Nurierdem Kocak
Dr. Harald Köster
Jayant Kumar Singh
Luis Carlos Lacorte
Daniel Langer
Tom Linckens
Oliver Luckenbach
Dr. Klaus Marten
Lutz Mehlhorn
Scott Moffitt
Alfredo Morales
Dr. Heinrich Müller
Julio Muñoz Kampff
Liam Murphy
Christoph Neufeldt
Joseph O’Brien
Bjoerk Ohlhorst
Michael Olosky
Dr. Uwe Over
Ian Parish
Campbell Peacock
Jerry Perkins
Jeffrey Piccolomini
Michael Prange
Dr. Volker Puchta
Michael Rauch
Gary Raykowitz
Birgit Rechberger-Krammer
Dr. Michael Reuter
Robert Risse
Dr. Michael Robl
Jean Baptiste Santoul
Dr. Arndt Scheidgen
Rolf Schlue
Dr. Berthold Schreck
Prof. Dr. Hans-Willi Schroiff
Jens-Martin Schwärzler
Dr. Johann Seif
Brian Shook
Dr. Simone Siebeke
Dr. Walter Sterzel
Klaus Strottmann
Monica Sun
Marco Swoboda
Dr. Boris Tasche
Richard Theiler
Greg Tipsord
Thomas Tönnesmann
Patrick Trippel
Tracy Van Bibber
Amelie Vidal-Simi
Dr. Vincenzo Vitelli
Douglas Weekes
Ulf Wentzien
Dr. Jürgen Wichelhaus
Dr. Hans-Christof Wilk
Dorian Willliams
Dr. Rudolf Wittgen
At January 2010
Management Circle I Worldwide
142 Annual Report 2009
Further information
Quarterly breakdown of key financials
in million euros 1st quarter 2nd quarter 3rd quarter 4th quarter Full year
2008 2009 2008 2009 2008 2009 2008 2009 2008 2009
Sales
Laundry & Home Care 1,031 1,013 1,012 1,058 1,068 1,035 1,061 1,023 4,172 4,129
Cosmetics/Toiletries 708 720 779 790 770 764 759 736 3,016 3,010
Adhesive Technologies 1,364 1,469 1,816 1,582 1,860 1,630 1,660 1,543 6,700 6,224
Administrative expenses –166 –183 – 254 –191 – 214 –196 –191 –165 – 825 – 735
Other operating charges and income 17 4 9 1 21 –16 38 –14 85 – 25
EBIT
Laundry & Home Care 100 107 92 119 117 137 130 138 439 501
Cosmetics/Toiletries 87 91 98 100 96 99 95 97 376 387
Financial result –19 – 52 – 60 – 60 – 48 – 40 975 – 43 848 –195
Earnings before tax 301 166 53 219 143 250 1,130 250 1,627 885
Taxes on income – 78 – 45 –11 – 69 – 36 – 70 – 269 – 73 – 394 – 257
in million euros 1st quarter 2nd quarter 3rd quarter 4th quarter Full year
2008 2009 2008 2009 2008 2009 2008 2009 2008 2009
EBIT (as reported) 320 218 113 279 191 290 155 293 779 1,080
One-time gains
– 8 – 3 – 3 – – – –19 – 6 – 30 – 9
per preferred share in euros
0.51 0.31
0.52 0.37
0.59 0.59
0.57 0.64
2.19 1.91
1) Including 22 million euros in one-time charges arising from revaluation of an onerous purchase contract
The quarterly figures are specific to the quarter to which they
refer and have been rounded for commercial convenience.
143
Annual Report 2009
Further information
Five-year summary
in million euros 2005 2006 2007 2008
4) 2009
Sales
11,974 12,740 13,074 14,131 13,573
Operating profit (EBIT)
1,162 1,298 1,344 779 1,080
Earnings before tax
1,042 1,176 1,250 1,627 885
Net earnings
770 871 941 1,233 628
Earnings after minority interests
757 855 921 1,221 602
Earnings per preferred share (EPS)
1) in euros
1.77 1.99 2.14 2.83 1.40
Total assets
13,944 13,346 13,048 16,173 15,787
Non-current assets
9,065 8,664 7,931 11,360 11,158
Current assets
4,879 4,682 5,117 4,813 4,629
Return on equity
3) in %
17.7 16.1 17.0 21.6 9.6
Dividend per ordinary share in euros
0.43 0.48 0.51 0.51 0.51
5)
Dividend per preferred share in euros
0.45 0.50 0.53 0.53 0.53
5)
of which in Germany
10,264 9,995 9,899 9,892 9,397
of which abroad
41,460 41,721 42,404 45,621 41,964
1) Basis: share split (1:3) of June 18, 2007
2) Net earnings / sales
3) Net earnings / shareholders’ equity at the start of the year
4)
Adjusted following finalization of purchase price allocation relating to the acquisition of the National Starch businesses
5) Proposed
144 Annual Report 2009
Credits
Credits
Published by:
Henkel AG & Co. KGaA
40191 Düsseldorf, Germany
Phone: +49 (0)211/7 97-0
© 2010 Henkel AG & Co. KGaA
Edited by:
Corporate Communications, Investor Relations,
Corporate Accounting and Reporting
English translation: Paul Knighton
Coordination: Oliver Luckenbach,
Jens Bruno Wilhelm, Wolfgang Zengerling
Concept and design: Kirchhoff Consult AG, Hamburg
Photographs: Henkel, Thomas Bauer, Patrick Darby,
Michael Denora, Andreas Fechner
Produced by: Schotte, Krefeld
Date of publication of this report:
February 25, 2010
Corporate Communications
Phone: +49 (0)211 7 97-26 06
Fax: +49 (0)211 7 98-24 84
E-mail: lars.witteck@henkel.com
Investor Relations
Phone: +49 (0)211 7 97-39 37
Fax: +49 (0)211 7 98-28 63
E-mail: oliver.luckenbach@henkel.com
PR. No.: 02 10 9,000
ISSN: 0724-4738
ISBN: 978-3-941517-11-0
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.
The Annual Report is printed on PROFIsilkFSC from Sappi. The paper is made from pulp bleached without chlorine. It con-
sists of wood fibers originating from sustainably managed forests, certified according to the rules of the Forest Stewardship
Council (FSC). This publication was bound so as to be suitable for recycling, using Purmelt MicroEmission and Sanicare for
the highest occupational health and safety standards, and cover-finished with water-based Adhesin laminating adhesive
and MiraCure UV-curing MBoss coating – all four products from Henkel. The printing inks contain no heavy metals.
All product names are registered trademarks of Henkel AG & Co. KGaA, Düsseldorf, or its affiliated companies.
Financial calendar
Annual General Meeting
Henkel AG & Co. KGaA 2010:
Monday, April 19, 2010
Publication of Report
for the First Quarter 2010:
Wednesday, May 5, 2010
Publication of Report
for the Second Quarter / Half Year 2010:
Wednesday, August 4, 2010
Publication of Report
for the Third Quarter / Nine Months 2010:
Wednesday, November 10, 2010
Press Conference and Analysts’ Conference
for Fiscal 2010:
Thursday, February 24, 2011
Annual General Meeting
Henkel AG & Co. KGaA 2011:
Monday, April 11, 2011
Up-to-date facts and figures on Henkel also
available on the internet: www.henkel.com
Annual Report 2009
A global team – winning together
The motto of this report “A global team – winning together” is also reflected in the visual we have
selected for our cover. The world globe is made up of photos of 137 employees representing the diversity,
inclusion and internationality integral to Henkel’s corporate culture.
From the left
Top row Anne Baerens, Nastassja Weyergraf, Renate Rauschil, Randy Reginelli, Burcu Devrim Avci, Hui Jin
Second row Karin Döring, Dr. Mustafa Akram, Evelyn Schulte-Steffens, Simone Schuster, Jari Tuomikoski,
Marion Lauterbach, Andreas Kopp, Alexandra Hnila, Katja Kremling
Third row Frank Tenbrock, Dirk Antkowiak, Thomas Geister, Silvio Mario Claudio Garavoglia, Herbert Pega,
Dr. Inga Vockenroth, Dr. Andreas Bauck, Robert K. Cecilio, Rushikesh Apte, Richard J. Alhage
Fourth row Carlos Enrique Alvarez, Henrik Anserin, Lori Pasterski, Julio Muñoz Kampff, Fernando Pardal,
Mileva Mircevska, Claudia Betcke, Carmen Klann, Emmanuel Nweke, Klaus Unützer, Ashok Konduskar, Jeremy Hunter
Fifth row Daniela Schoening, Federica Berardo, Alain-François Dabreteau, Helmut Peters, Gerald Anthofer,
Anthony Lallier, Jojo Wilfred, Tadahiko Morihana, Vivian Yang, Manuel Aguareles Navarro, Wenwen Liao,
Vijay Swaminathan, Cornelia Heinrichs
Sixth row Alfred Tuchlinski, Deborah De Andrés Presa, Esteban Gonzalez Jr., Antje Anders, William C. Zeiler,
Eliane Emond, Dr. Jianping Liu, Gaetano Cappello
Seventh row Dr. Regina Jäger, Petra Prodöhl, Stacey Brown, William A. Simmons, Regis Rogge, Claudia Kurschat,
Andrew Powers, Dr. Karl-Heinz Ott, Lilian Fiorino Llorca
Eighth row Justina Vaitkute, Kai Schmidhuber, Laura Magnani, Dr. Shabbir T. Attarwala, Nadine-Tanja Kummer,
Gürsel Ceyhan, Lisa Chen, Grégory Vuillemin, Setareh Alaeddini, Marie-Laure Marduel
Ninth row Dr. Birgit Veith, Dr. Ciaran McArdle, Esther Kumpan, Rolf Müller-Grünow, Melisa Haracic, Kee How Tan,
Matthew Greaves, Günther Lambertz, Sabine Hilberath, Janine Lintzen, Fadl Abowafia, Ulrike Beck, Mana Sasaki
Tenth row Houssem Bahri, Omar El Masry, Csaba Szendrei, Roberto Gianetti, Lassaâd Karray, Béatrice Billot,
Dr. Eva Sewing, Beatrice Jones, Ricardo Serrano, Mireia Martínez de la Torre, Christopher W. Sommer, Asli Cobbers
Eleventh row Lien Tran, Melanie Hempel, Diane Montgomery, Aurida Ouchenir, Michael Kellner, Verena Frings,
Stephanie Gerth, Annegret Bredemeier, Roswitha Welter, Petra Beer-Michaud, Anna Sundström, Axel Christian Funke
Twelfth row Tanja Kreisel, Dr. Marianne Waldmann-Laue, Dr. Rainer Simmering, Dr. Andrea Sättler,
Jan-Dirk Seiler-Hausmann, Oliver Baldauf, Kate Yeo, Emiliano Mroue, Giannicola Fazia, Pranee Chamroensrisakul
Thirteenth row Dr. Marc-Steffen Schiedel, Holger Scheufen, Dr. Simone Siebeke, Laurent Le Dur, Stefan Krzikawski,
Julia Kirchheim, Michael J. Starzman, Kiem Ho, Petra Spallek
Bottom row Siiri Odrats-Koni, Michael J. Terhardt, Dr. Christian Hebeler, Robert Risse