Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

HENKEL AG & CO. KGAA

(HEN3)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Henkel : strengthens its sustainability position in Laundry & Home Care

07/26/2021 | 08:29am EDT

Henkel has acquired Swania SAS, based in Nanterre, France, from Milestone Investisseurs and individual shareholders.

Through this transaction, Henkel expands its position in the market for sustainable laundry and home care products and adds a highly complementary portfolio in very attractive and profitable market segments with a successful innovation track record.

Swania is the fastest-growing French independent player in the ecological home care market. In 2020, the company was even ranked as one of the top 20 fastest-growing consumer companies in France. The portfolio comprises the sustainable brand Maison Verte, which offers a wide variety of products certified with Ecolabel and accounts for more than 60 percent of total sales. Maison Verte is one of the most established sustainable home care brands in France with a very high brand awareness. The brand offers products for laundry and home care as well as for dishwashing. The vegan brand YOU, created for a young, tech-savvy target group and awarded with the Ecocert label, is also part of the portfolio. Traditional and well-known authentic brands Baranne and O'Cedar are completing the product range. In fiscal 2020, Swania generated sales of around 40 million euros.

'In line with our strategic agenda for purposeful growth we aim to create competitive edge through embedding sustainability into our businesses. Through this acquisition, we are adding attractive brands with a strong sustainability performance and compelling growth opportunities to the portfolio of our Laundry & Home Care business,' said Henkel CEO Carsten Knobel.

'We are excited about the opportunity to add the Swania brands to our Laundry & Home Care business. The brands are fast-growing, and the company has a very successful innovation track record. This business is a perfect fit for our existing portfolio, adding highly complementary brands and expanding our position in the attractive market for sustainable laundry and home care products,' said Bruno Piacenza, Executive Vice President Laundry & Home Care at Henkel.

Both parties agreed to not disclose any financial details of the transaction.

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.

(C) 2021 Electronic News Publishing, source ENP Newswire

All news about HENKEL AG & CO. KGAA
09/16HENKEL VORZUEGE : Upgraded to Buy by Deutsche Bank
MD
09/15HENKEL : Nexa and Henkel announce expanded collaboration to jointly develop turn..
PU
09/15Nexa3D Inc. and Henkel AG & Co. KGaA Announces Expanded Collaboration to Join..
CI
09/15HENKEL : Launch of industry-first high-performance, zero VOC adhesive range for ..
PU
09/09HENKEL : Collaboration enables the production of first additively manufactured c..
PU
09/09ANALYST RECOMMENDATIONS : Boohoo, Boston Beer, Cisco Systems, Eversource, Frontl..
09/09HENKEL VORZUEGE : Goldman Sachs is now Neutral
MD
09/06HENKEL : Idea Hackathon supports 100 early-stage female founders
PU
09/06PRESS RELEASE : Managing Board of SMA Solar Technology AG adjusts forecast for t..
DJ
09/06SMA SOLAR TECHNOLOGY AG : SMA adjusts sales and earnings forecast
DJ
More news
Analyst Recommendations on HENKEL AG & CO. KGAA
More recommendations
Financials
Sales 2021 19 893 M 23 327 M 23 327 M
Net income 2021 1 790 M 2 099 M 2 099 M
Net Debt 2021 512 M 601 M 601 M
P/E ratio 2021 18,7x
Yield 2021 2,38%
Capitalization 32 576 M 38 239 M 38 199 M
EV / Sales 2021 1,66x
EV / Sales 2022 1,59x
Nbr of Employees 52 750
Free-Float 62,7%
Chart HENKEL AG & CO. KGAA
Duration : Period :
Henkel AG & Co. KGaA Technical Analysis Chart | HEN3 | DE0006048432 | MarketScreener
Technical analysis trends HENKEL AG & CO. KGAA
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 78,64 €
Average target price 95,86 €
Spread / Average Target 21,9%
EPS Revisions
Managers and Directors
Carsten Knobel Chief Executive Officer
Marco Swoboda Chief Financial Officer
Simone Bagel-Trah Chairman-Supervisory Board
Thomas Gerd Kühn Chief Compliance Officer & General Counsel
Michael Kaschke Member-Supervisory Board
Sector and Competitors