Equity Analysts
Numerous financial analysts monitor Henkel’s performance. The following list includes banks and securities companies that publish regular research reports on Henkel. This list does not claim to be complete.
Institution Name
Bankhaus Lampe Oliver Caspari Bernstein Andrew Wood Cheuvreux Martin Rödiger Citi Investment Research Jeff Stent Collins Stewart Rob Mann Commerzbank Andreas Riemann Credit Suisse Alex Molloy Deutsche Bank Harold Thompson Dresdner Kleinwort Chas Manso DZ Bank Heinz Müller ESN Research (Equinet) Oliver Schwarz Exane BNP Paribas Xavier Croquez Goldman Sachs Robert Waldschmidt HSBC Cédric Besnard ING Marco Gulpers Intermonte SIM Andrea Bergamaschi JP Morgan Celine Pannuti Kepler Equities Lutz Grüten Landesbank Baden-Württemberg Iris Schäfer MainFirst Ronald Köhler Merck Finck Carsten Kunold Merrill Lynch Nic Sochovsky Metzler Alexander Schlipf MM Warburg Sven Dopke Morgan Stanley Mark Christensen
Nomura Alex Smith NordLB Martina Noß RBS Iain Simpson Sal. Oppenheim Jörg Philipp Frey SG Securities Emmanuel Bruley des Varannes Standard & Poors Carl Short UBS Warburg Eva Quiroga Unicredit Christian Weiz West LB Norbert Barth
Analyst Recommendations
| Buy |
48% |
| Hold |
31% |
| Sell |
21% |
Status: December 1, 2008; Source: Henkel
Disclaimer
Please note that any opinions, estimates or forecasts regarding Henkel’s performance made by these institutions or their employees are outside Henkel’s control and are theirs alone and do not represent opinions, estimates or forecasts of Henkel AG & Co. KGaA or its management.
References to such institutions do not imply that Henkel AG & Co. KGaA or its management adopt, support or confirm in any way the recommendation, opinions or conclusions of such institutions or their employees made in respective analyst reports. They are also not meant to be a solicitation or recommendation to buy, sell, or hold securities of Henkel.

