Adhesive Technologies

How we performed

  • Organic sales growthGrowth in revenues after adjusting for effects arising from acquisitions, divestments and foreign exchange differences – i.e. “top line” growth generated from within.
    of 8.3 percent
  • Adjusted1 operating profit improved significantly by 14.7 percent to 1,075 million euros
  • Adjusted1 return on sales increased by 1.1 percentage points to 13.9 percent
  • Return on capital employedInterest-bearing capital invested in company assets and operations.
    (ROCEReturn on Capital Employed (ROCE)) up 2.1 percentage points to 14.6 percent
  • Economic value added (EVA®)The EVA concept reflects the net wealth generated by a company over a certain period. A company achieves positive EVA when the operating result exceeds the weighted average cost of capital. The WACC corresponds to the yield on capital employed expected by the capital market. EVA is a registered trademark of Stern Stewart & Co.
    improved by 209 million euros to 282 million euros

Innovations 2011

________________________

Pattex 100%

Pattex 100% is based on our patented “Flextec Technology” and is 100 percent solvent-free. The product offers high adhesive strength with easy usability and is universally suitable for projects both in and around the house.

www.pattex.de

________________________

Loctite

Loctite offers the first range of label-free anaerobic products covering all applications from fastener locking to thread and surface sealing.

www.loctiteproducts.com

__________________________

Aquence Co-Cure 900 Series

This award-winning, patented solution from Aquence combines several surface-coating operations performed in paint shops, leading to savings in energy costs and reducing production complexity for our customers.

http://www.henkel.com/aquence-autophoretic-12623.htm

Key financials*

in million euros

2010

2011

+/–

Sales

7,306

7,746

6.0 %

Proportion of Henkel sales

48 %

50 %

2 pp

Operating profit (EBIT)

878

1,002

14.1 %

Adjusted operating profit (EBIT)

938

1,075

14.7 %

Return on sales (EBIT)

12.0 %

12.9 %

0.9 pp

Adjusted return on sales (EBIT)

12.8 %

13.9 %

1.1 pp

Return on capital employed
(ROCE)

12.5 %

14.6 %

2.1 pp

Economic value added (EVA® )

73

282

> 100 %

pp = percentage points

*
Calculated on the basis of units of 1,000 euros; figures commercially rounded.

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Sales development*

in percent

2011

Change versus previous year

6.0
Foreign exchange – 2.1

Adjusted for foreign exchange

8.1

Acquisitions/divestments

– 0.2

Organic

8.3

of which price

5.3

of which volume

 3.0

* Calculated on the basis of units of 1,000 euros.

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1 Adjusted for one-time charges/gains and restructuring charges.