Jun 26, 2020  Düsseldorf / Germany

Annual General Meeting 2020

Henkel reaffirms strategic focus on purposeful growth

At the Annual General Meeting of Henkel, CEO Carsten Knobel summarized the most important developments of fiscal year 2019, explained the effects of the current corona crisis and reaffirmed the long-term strategic focus on purposeful growth. He also described Henkel's ambitious goals in sustainability and emphasized the importance of diversity and rejection of racism.

To drive the company’s agenda for purposeful growth, Henkel has developed a clear strategic framework. It includes: a winning portfolio, clear competitive edge, particularly in the areas of innovation, sustainability and digitalization, lean business processes and new business models as well as a strong corporate culture.

Commenting on the COVID-19 crisis, Knobel said that a realistic assessment on how the year would develop was currently not possible. “We will need to constantly adapt as the crisis evolves.” He expressed his confidence that Henkel is well positioned and will emerge stronger from the crisis.

As part of its ambitious targets for sustainability, Henkel strives to be a climate-positive company by 2040. In its consumer goods businesses, all packaging will be recyclable or reusable by 2025.

Henkel's CEO also emphasized the importance of diversity for the company success and vigorously spoke out against racism. “Our employees come from more than 100 nations. From all cultural backgrounds. We need this diversity. It helps us to be successful. Which is why we consciously promote diversity in all dimensions,” said Knobel.

This information contains forward-looking statements which are based on current estimates and assumptions made by the corporate management of Henkel AG & Co. KGaA. Statements with respect to the future are characterized by the use of words such as “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, and similar terms. Such statements are not to be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and 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 any forward-looking statements.

This document includes – in the applicable financial reporting framework not clearly defined – supplemental financial measures that are or may be alternative performance measures (non-GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Henkel’s net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently.

This document has been issued for information purposes only and is not intended to constitute an investment advice or an offer to sell, or a solicitation of an offer to buy, any securities.