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Posted by
Two Blokes Apr 27 -
Filed in
Stock
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2 views
Henkel's Q4 results show a slowdown in adhesive technologies, with tougher comps and a softer industrial market environment expected into 2025. Margin improvements were impressive due to cost-cutting initiatives and mix effects from restructuring, contributing around 100 million EUR in incremental net savings. Henkel is cheaper than peers like 3M with a 13.4x forward PE, and while the company has solid positioning and defensible margin, macro incrementally isn't constructive.
