Henkel Ag & Co. Kgaa · XETR:HEN
Henkel Ag & Co. Kgaa — Q3 2025 Earnings Presentation
35 slides from Henkel Ag & Co. Kgaa's earnings presentation, Nov 6, 2025
Slide 1: Henkel Q3 2025
HENKEL Q3 2025 CARSTEN KNOBEL, MARCO SWOBODA – 6 NOVEMBER 2025
Slide 2: Disclaimer
DISCLAIMER This presentation 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”
Slide 3: Agenda
AGENDA 01 Key Developments 02 Business Performance Q3 2025 & Outlook 03 Key Take-Aways & Closing 3 HENKEL Q3 2025
Slide 4: At a glance
AT A GLANCE Q3 2025 performance ▪ Acceleration of topline development with positive organic sales growth in both business units in Q3 HENKEL ADHESIVE CONSUMER ▪ Adhesive Technologies with positive price and volume development GROUP TECHNOLOGIES BRANDS supported by partial reversal of negative workin
Slide 5: Adhesive Technologies leveraging growth opportunities along global megatrends
ADHESIVE TECHNOLOGIES LEVERAGING GROWTH OPPORTUNITIES ALONG GLOBAL MEGATRENDS SUSTAINABILITY MOBILITY CONNECTIVITY DIGITALIZATION URBANIZATION Enhancing sustainability Solving challenges Facilitating new Improved time-to-market Driving speed, across industries by with new applications functionalitie
Slide 6: Driving high-impact electronics solutions across industries
DRIVING HIGH-IMPACT ELECTRONICS SOLUTIONS ACROSS INDUSTRIES MEGATRENDS SELECTED INDUSTRY TRENDS … leading to an increasing share of content ELECTRONICS SOLUTIONS to show HIGH RISE OF AI SINGLE-DIGIT GROWTH potential in the coming years SUSTAINABILITY Empowering the future of AI innovative solutions
Slide 7: Shaping electronics solutions of tomorrow: empowering the future of AI
SHAPING ELECTRONICS SOLUTIONS OF TOMORROW EMPOWERING THE FUTURE OF AI The rise of GENERATIVE AI accelerates demand for high-performing computing, storage & interconnect technologies Our LEADING SOLUTIONS fulfill advanced requirements in thermal management, protection & bonding driving DOUBLE-DIGIT G
Slide 8: Shaping electronics solutions of tomorrow: taking displays to the edge
SHAPING ELECTRONICS SOLUTIONS OF TOMORROW TAKING DISPLAYS TO THE EDGE Enabling improved design, Consumer electronics design trends demand protection & sustainability while technologies for FRAMELESS EXPERIENCE streamlining manufacturing BEZEL- Our PROPRIETARY FLEXIBLE DISPLAY FREE PROTECTION potting
Slide 9: Shaping electronics solutions of tomorrow: enabling evolution in camera modules
SHAPING ELECTRONICS SOLUTIONS OF TOMORROW ENABLING EVOLUTION IN CAMERA MODULES Flexible printed circuit The market for CAMERA MODULES across industries reinforcement Die attach is rapidly growing with rising demand for advanced imaging Grounding & underfill EMI shielding Lens bonding MOST ROBUST TOT
Slide 10: Well under way to conclude the Consumer Brands merger by year-end
WELL UNDER WAY TO CONCLUDE THE CONSUMER BRANDS MERGER BY YEAR-END NEW ORGANIZATIONAL SET-UP Significantly IMPROVED QUALITY OF BUSINESS implemented across multiple dimensions since merger announcement PORTFOLIO OPTIMIZATION Successfully built a strong MULTI-CATEGORY completed PLATFORM with enhanced e
Slide 11: Strong global player with #1 brands in laundry care & home care
STRONG GLOBAL PLAYER WITH #1 BRANDS IN LAUNDRY CARE & HOME CARE #2 in LAUNDRY #1 in HOME CARE in active markets in active markets Leading the future of laundry by focusing on Driving MARKET LEADERSHIP by SELECTIVE STRATEGIC GROWTH combining our investments with opportunities in key categories & icon
Slide 12: Driving value-adding innovations and AI-powered marketing with Persil brand
DRIVING VALUE-ADDING INNOVATIONS AND AI-POWERED MARKETING WITH PERSIL BRAND PERSIL with POSITIVE GROWTH in Q3 driven by STRONG VOLUME CONTRIBUTION Introducing Persil GIANT DISCS to meet modern laundry demands with HEAVY LOADS Innovative TRIPLE-ACTION DEEP CLEAN formula First SUCCESSFUL ROLL-OUTS ACR
Slide 13: Henkel launching its first generative AI-powered TV commercial in Germany
HENKEL LAUNCHING ITS FIRST GENERATIVE AI-POWERED TV COMMERCIAL IN GERMANY 13 HENKEL Q3 2025
Slide 14: Shaping categories like fabric care with Perwoll as the #1 brand
SHAPING CATEGORIES LIKE FABRIC CARE WITH PERWOLL AS THE #1 BRAND PERWOLL with DOUBLE-DIGIT GROWTH in Q3 +190 BPS driven by BALANCED PRICE & VOLUME DEVELOPMENT MARKET SHARE GAINS YTD 20251 in Fabric Care Repositioning the brand in color & care with EXPANDED FORMULATION PORTFOLIO reaching a broader co
Slide 15: Fueling growth with our top 10 brands in Consumer Brands
FUELING GROWTH WITH OUR TOP 10 BRANDS IN CONSUMER BRANDS TOP 10 brands continue to deliver ABOVE-AVERAGE OSG with POSITIVE PRICE & VOLUME ~60% Sales share CONTINUOUSLY SALES SHARE INCREASING Driving ONGOING VALORIZATION and investing behind our strong brands Supported by TECH-DRIVEN ~300 BPS OUTPERF
Slide 16: Outlook 2025
OUTLOOK 2025 ORGANIC SALES GROWTH 1.0 to 2.0% ADJUSTED EBIT MARGIN 14.5 to 15.5% ADJUSTED EPS1 low to high single-digit % increase ▪ Adj. EBIT margin and adj. EPS growth1 expected to remain well within guidance ranges ▪ In case there is no noticeable improvement of the economic environment until yea
Slide 17: Agenda
AGENDA 01 Key Developments 02 Business Performance Q3 2025 & Outlook 03 Key Take-Aways & Closing 17 HENKEL Q3 2025
Slide 18: Organic sales development
ORGANIC SALES DEVELOPMENT Q3 2025 1.4% -2.9% -4.8% -6.3% OSG A&D FX NOMINAL PRICE VOLUME SALES -0.1% 1.5% €5.1bn 18 HENKEL Q3 2025
Slide 19: Organic sales development by region
ORGANIC SALES DEVELOPMENT BY REGION Q3 2025 Organic sales growth Europe -2.0% North America 2.3% IMEA 10.0% Asia-Pacific 4.9% Latin America -2.9% 19 HENKEL Q3 2025
Slide 20: Adhesive Technologies Q3 2025
In progress ADHESIVE TECHNOLOGIES Q3 2025 NOMINAL SALES €2.7bn ORGANIC SALES GROWTH 2.5% PRICE VOLUME 0.5% 2.0% 20 HENKEL Q3 2025
Slide 21: Adhesive Technologies
ADHESIVE TECHNOLOGIES in % 6 Q3 2025 – Price/Volume Development 3.9 4 3.1 ▪ Good organic sales growth in a still 2.0 2.3 demanding environment 2 0.3 0.5 0.3 ▪ Positive pricing – underpinning strength of our market position and portfolio 0 1.0 0.6 1.0 0.5 -0.2 -0.5 -0.5 ▪ Good volume development with
Slide 22: Adhesive Technologies: Business Area Performance
ADHESIVE TECHNOLOGIES Q3 2025 – Business Area Performance MOBILITY & PACKAGING & CRAFTSMEN, ELECTRONICS CONSUMER GOODS CONSTRUCTION & PROF. SALES OSG SALES OSG SALES OSG €991m 5.9% €767m -1.1% €950m 2.2% Double-digit growth in Positive development in Strong growth in Manufacturing Electronics and ve
Slide 23: Consumer Brands Q3 2025
CONSUMER BRANDS Q3 2025 NOMINAL SALES €2.4bn ORGANIC SALES GROWTH 0.4% PRICE VOLUME -0.6% 0.9% 23 HENKEL Q3 2025
Slide 24: Consumer Brands
CONSUMER BRANDS in % 8 Q3 2025 – Price/Volume Development 6.2 4.0 4.4 4 2.0 2.0 ▪ Positive organic sales growth driven by 1.5 0.9 positive volume development 0 -0.6 ▪ Pricing slightly negative reflecting the challenging -1.0 -0.8 -1.7 -1.4 -1.2 consumer sentiment, particularly in Laundry -4 ▪ Sequen
Slide 25: Consumer Brands: Business Area Performance
CONSUMER BRANDS Q3 2025 – Business Area Performance LAUNDRY & HAIR OTHER CONSUMER HOME CARE BUSINESSES SALES OSG SALES OSG SALES OSG €1,409m -1.5% €833m 4.4% €159m -3.2% Stable development in Home Care Very strong growth in Consumer Below prior year due to with very strong growth in mainly driven by
Slide 26: Outlook 2025
OUTLOOK 2025 ORGANIC ADJUSTED ADJUSTED SALES GROWTH EBIT MARGIN EPS1 GROUP 1.0 to 2.0% 14.5 to 15.5% Low to high single-digit % increase ADHESIVE TECHNOLOGIES 2.0 to 3.0% 16.5 to 17.5% CONSUMER BRANDS 0.5 to 1.5% 14.0 to 15.0% ▪ Adj. EBIT margins and adj. EPS growth1 expected to remain well within g
Slide 27: Agenda
AGENDA 01 Key Developments 02 Business Performance Q3 2025 & Outlook 03 Key Take-Aways & Closing 27 HENKEL Q3 2025
Slide 28: Key take-aways
KEY TAKE-AWAYS ▪ Acceleration of topline development with positive organic sales growth in both business units in Q3 ▪ Adhesive Technologies with positive price and volume development supported by partial reversal of negative working day impact ▪ Consumer Brands with positive volume development – fi
Slide 29: Questions & Answers
QUESTIONS & ANSWERS 29 HENKEL Q3 2025
Slide 30: Upcoming events
UPCOMING EVENTS Tbd – HAT Teach-in? 2025 NOV 6 | Q3 2025 RELEASE Quarterly Statement 2026 MAR 11 | FY 2025 RELEASE Annual Report APR 27 | AGM Annual General Meeting MAY 7 | Q1 2026 RELEASE Quarterly Statement 30 HENKEL Q3 2025
Slide 31: Thank you
THANK YOU. 31 HENKEL Q3 2025
Slide 32: Sales by business unit and business area Q1 2025 – Q3 2025
SALES BY BUSINESS UNIT AND BUSINESS AREA Q1 2025 – Q3 2025 Q1 2025 Q2 2025 H1 2025 Q3 2025 1-9 2025 €m Sales YoY OSG Sales YoY OSG Sales YoY OSG Sales YoY OSG Sales YoY OSG HENKEL GROUP 5,242 -1.4% -1.0% 5,160 -6.1% 0.9% 10,402 -3.8% -0.1% 5,147 -6.3% 1.4% 15,549 -4.6% 0.4% ADHESIVE 2,715 1.4% 1.1%
Slide 33: Outlook 2025: additional input for selected KPIs
OUTLOOK 2025 ADDITIONAL INPUT FOR SELECTED KPIS CURRENCY IMPACT ON SALES Low to mid-single-digit % negative1 M&A IMPACT ON SALES Low single-digit % negative PRICES FOR DIRECT MATERIALS Low to mid-single-digit % increase1 RESTRUCTURING CHARGES € 150 – 200m CAPEX € 650 – 750m 33 HENKEL Q3 2025 1 Versu
Slide 34: Balanced and diversified portfolio
BALANCED AND DIVERSIFIED PORTFOLIO FY 2024 37% 1% 51% 48% ADHESIVE €21.6bn CONSUMER 28% SALES TECHNOLOGIES BRANDS 30% 31% 16% 8% 1% 11% Corporate €11.0bn €10.5bn SALES 34% SALES 6% 36% 63% Europe Asia/Pacific IMEA Latin America Mobility & Electronics Laundry & Home Care North America Corporate Packa
Slide 35: Find out more on henkel.com/ir
FIND OUT MORE ON HENKEL.COM/IR