Henkel AG & Co KGaA

HEN: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€74.00	Rffdjz	Bqhbnllzb

Henkel's Margin Rebuild Will Take at Least Another Year

Philip Gorham

Mar 3, 2022

Business Strategy and Outlook

After several years of impressive margin expansion--Henkel's reported EBIT margin grew from 11.3% in 2011 to 15.7% in 2018 before collapsing to an adjusted 13.4% during the coronavirus pandemic, and it may be another year before the company can rebuild its margins again.

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