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Henkel KGaA

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Henkel KGaA Fiscal 2007, Divestiture Ecolab, Efficiency Enhancement Program

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
27.02.2008
Düsseldorf, February 27, 2008
Henkel KGaA
Fiscal 2007, Divestiture Ecolab, Efficiency Enhancement Program
I. Fiscal 2007
Henkel increases sales and profits
. Sales up 2.6 percent to 13.07 billion euros
    . Organic sales growth of 5.8 percent
    . Operating profit (EBIT): up 3.5 percent to 1,344 million euros
    . Net earnings for the year: up 8.0 percent to 941 million euros
Düsseldorf - Today Henkel published its annual report  for  fiscal  
2007.  Sales improved by 2.6  percent  to  13,074  million  euros,  
with  all  the  company's business sectors contributing. Organic 
sales, i.e.  sales  after  adjusting  for foreign exchange and 
acquisitions/divestments, were increased by a 5.8 percent.
The operating profit (EBIT) improved by 3.5  percent  to  1,344  
million  euros, thus outstripping sales  growth.  After  adjusting  
for  foreign  exchange,  the increase was 5.8 percent, again with  
all  the  business  sectors  contributing. Return on sales (EBIT) 
increased by  0.1  percentage  points  to  10.3  percent. After 
adjusting for  exceptional  gains  and  restructuring  charges,  
operating profit (EBIT) rose by 8.2 percent to 1,370 million euros 
with the  corresponding return on sales figure improving 0.6 
percentage points to 10.5 percent.
Net earnings for the year increased by 8.0 percent to 941 million  
euros.  After deducting minority interests of 20 million euros, net 
earnings were 921  million euros (+7.7 percent). Earnings per 
preferred share increased from 1.99 euros  to 2.14 euros (+7.5 
percent).
In view of the earnings  performance,  the  Management  Board,  the  
Supervisory Board and the Shareholders' Committee will be proposing 
to  the  Annual  General Meeting that it approve an increase in 
dividends from 0.50 euros to  0.53  euros per preferred share and 
from 0.48 euros to 0.51 euros per ordinary share.
Outlook Henkel intends once again to grow stronger  than  its  
markets  and  expects  to achieve organic sales growth (i.e. after  
adjusting  for  foreign  exchange  and acquisitions/ divestments) of 
3  to  4  percent  in  2008.  Henkel  expects  an increase in 
operating profit (EBIT) - adjusted for foreign exchange - in  excess 
of organic sales growth. Henkel likewise expects an  increase  in  
earnings  per preferred share (EPS) in excess of organic sales 
growth.
This outlook does not take into account the effects of the  planned  
acquisition of the Adhesives and Electronic Materials businesses of 
National Starch.
II. Divestiture of the stake in Ecolab intended The Management Board 
decided - with the approval of the Shareholder's  Committee as of 
February 27 - to undertake the divestiture of all or part of its 
stake  in Ecolab Inc., St. Paul, Minnesota, USA. No final decision 
has been taken at  this time as to the size, the timing and the 
method of any  such  divestiture,  which would be carried out in 
accordance  with  the  Stockholder's  Agreement  between Henkel and 
Paula.
Ecolab, in which Henkel holds a 29.4 percent  stake,  reported  sales
of  5,470 million US dollars for fiscal 2007. As of December 31, 2007
the market value  of this interest amounted to  approx.  3,723  
million  US  dollars  (approx. 2.5 bn euros), though no assurance can
be  given  that  a  divestiture  of  the stake would yield proceeds 
in this amount.
III. Measures to increase long-term profitability initiated Against 
the background of changing market conditions, especially with regard 
to ever stronger competition and increasing cost pressure,  the  
Henkel  Management Board has decided, with the  approval  of  the  
Shareholders'  Committee  as  of February 27, 2008, the basics of an 
efficiency enhancement program.
The program, which will  be  initiated  on  a  worldwide  level,  is  to  define
projects in all  business  sectors,  regions  and  functions  with  the  aim  to
sustainably   strengthen   both    Henkel's    profitability    and    long-term
competitiveness. The initiative, with a volume of about 500  million  euros,  is
designed to generate annual savings of  around  150  million  euros  from  2011.
Based on experience from similar programs carried through  in  the  past,  these
measures could result in the reduction of about 3,000 jobs.
Henkel will finalize the details of the program, following  the  
development  of single project ideas and the subsequent discussion 
with both the works  councils and the employees likely to be 
affected.
Please note that the measures pointed out under II. and III. are not 
considered in the outlook referred to under I.
Henkel KGaA
This information contains forward-looking statements  which  are  
based  on  the current estimates and assumptions made by the  
corporate  management  of  Henkel KGaA. Forward-looking statements 
are characterized by the use of words  such  as expect, intend, plan,
predict, assume, believe, estimate, anticipate, etc.  Such statements
are not to be understood  as  in  any  way  guaranteeing  that  those
expectations will turn out to be accurate. Future performance  and  
the  results actually achieved by Henkel 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.
end of announcement                               euro adhoc

Further inquiry note:

Lars Witteck
tel. +49-211-797-2606

Branche: Consumer Goods
ISIN: DE0006048408
WKN: 604840
Index: DAX, CDAX, HDAX, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade
Börse Berlin / regulated dealing

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