Summary: Henkel AG & Co. KGaA Dec 11
- ID: 2030443
- December 2011
- Standard & Poors
The ratings on Germany-based branded consumer goods and adhesives manufacturer Henkel AG & Co. KGaA (Henkel) reflect Standard & Poor's view of the group's strong business risk profile and its modest financial risk profile. Henkel's key business strengths include the company's solid market positions in continental Europe in home care and personal care products and its worldwide leading positions in adhesives, sealants, and surface-treatment sectors. Henkel owns strong brands but discloses lower profitability in the consumer goods segments than its leading peers. The adhesives business partially exposes Henkel to cyclicality, though it enjoys strong growth prospects as well as a potential for higher profitability, with market conditions more favorable for adhesives' price increases than the consumer goods sector. Our view...
Companies mentioned in this report are: Henkel AG & Co. KGaA
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