1930: Demise of fritz Henkel and distribution of business between three
children.
1949: Addition of personal care products.
1985: Raised capital for expansion by offering non-voting shares.
2008: 14 bn Euros sales in 125 countries.
BUSINESS OVERVIEW
Strategic Business units Revenue
Laundry and Home Care: 30%
Beauty Care: 22%
Adhesive Technologies: 48%
NEED FOR CHANGE Year 2008 Strategic Goal for 2012 • 58% drop in sales in 2008-Q3 forcing • Financial crisis, sales revenue Euro 14 Rorsted(CEO) to transform Henkel into billion, over 8% increase in sales from leaner and more performance driven previous year, 4 billion less than market company. leader 3M. • EBIT: 10.3% • Organization sales growth: 3-4% • “the happy underperformer: always #2 or #3 position” • EBIT margin(2012): 14% • EPS growth(CAGR): >10% • “Stay where we are is no longer an option either we move up or down”