Share performance

Year on year, the trading volume of preferred shares declined slightly. Each trading day saw an average of 0.8 million preferred shares changing hands (2011: 0.9 million). The average volume for our ordinary shares increased to about 121,000 shares per trading day (2011: 120,000). Due to share price changes, the market capitalizationMarket value of a company calculated from the number of shares issued multiplied by their list price as quoted on the stock exchange.
of our ordinary and preferred shares increased to 24.6 billion euros from 17.6 billion euros.

For long-term investors, Henkel shares remain an attractive investment. Shareholders who invested the equivalent of 1,000 euros when Henkel shares were issued in 1985, and re-invested the dividends received (before tax deduction) in the stock, would have had a portfolio value of about 19,777 euros by the end of 2012. This represents an increase in value of 1,878 percent or an average yield of 11.6 percent per year. Over the same period, the DAXAbbreviation for Deutscher Aktienindex, the German share index. The DAX lists the stocks and shares of Germany’s 30 largest listed corporations. Henkel’s preferred shares are quoted on the DAX. DAX is a registered trademark of Deutsche Börse AG, the German stock exchange company.
provided an annual yield of 7.2 percent. Over the last five and ten years, Henkel shares have shown an average yield of 12.2 and 13.9 percent per year, respectively, offering a significantly higher return than the DAXAbbreviation for Deutscher Aktienindex, the German share index. The DAX lists the stocks and shares of Germany’s 30 largest listed corporations. Henkel’s preferred shares are quoted on the DAX. DAX is a registered trademark of Deutsche Börse AG, the German stock exchange company.
’s returns of –1.2 percent and 10.2 percent for the same periods.

24.6 bn eurosmarket capitalizationMarket value of a company calculated from the number of shares issued multiplied by their list price as quoted on the stock exchange.
.