Adhesive Technologies

How we performed

  •   Organic sales growthGrowth in revenues after adjusting for effects arising from acquisitions, divestments and foreign exchange differences – i.e. “top line” growth generated from within.
    of 3.6 percent
  •   Adjusted1 operating profit improved by 15.9 percent to 1,246 million euros
  •   Adjusted1 return on sales increased by 1.2 percentage points to 15.1 percent
  •   Return on capital employedCapital invested in company assets and operations. Equity + interest-bearing liabilities.
    (ROCEReturn on Capital Employed (ROCE)) up 1.9 percentage points to 16.5 percent
  •   Economic value added (EVA®)The EVA concept reflects the net wealth generated by a company over a certain period. A company achieves positive EVA when the operating result exceeds the weighted average cost of capital. The WACC corresponds to the yield on capital employed expected by the capital market. EVA is a registered trademark of Stern Stewart & Co.
    improved by 81 million euros to 363 million euros

Top brands                                

Innovations 2012

Loctite instant adhesives

The three new Loctite variants – 403, 408 and 460 – are extensively odor-free, offer improved moisture tolerance and are suitable for bonding almost any material – plastics, metals and even rubber.

Loctite Ablestik CDF 200P

Electronic devices are getting smaller, thinner and more capable – and so are the chips inside. Loctite Ablestik 200P is an electrically conductive die attach film that enables our customers to produce ultra-small, high-performance components in a simplified process.

Pattex Power PU-Schaum

Pattex PU-Schaum is extremely powerful, and also safe and easy to apply. Its improved insulating performance enhances energy efficiency. Thanks to its innovative formulation, it was the first PU foam containing MDIChemical abbreviation for diphenylmethane diisocyanate. MDI is a chemical compound from the aromatic isocyanate group. Pattex Power PU-Schaum (PU foam) uses a reduced-MDI formula.
to be released for unrestricted sale in retail following stricter European legislation.

Key financials*
in million euros







6.6 %

Proportion of Henkel sales

50 %

50 %

Operating profit (EBIT)



18.9 %

Adjusted operating profit (EBIT)



15.9 %

Return on sales (EBIT)

12.9 %

14.4 %

1.5 pp

Adjusted return on sales (EBIT)

13.9 %

15.1 %

1.2 pp

Return on capital employed

14.6 %

16.5 %

1.9 pp

Economic value added (EVA® )



28.5 %

pp = percentage points
Calculated on the basis of units of 1,000 euros; figures commercially rounded.

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Sales development*
in percent


Change versus previous year

Foreign exchange 3.5

Adjusted for foreign exchange



– 0.5



of which price


of which volume

Calculated on the basis of units of 1,000 euros.

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Adjusted for one-time charges/gains and restructuring charges.