Henkel AG & Co.: Initiation of Coverage- Game-Changing Supply Chain Fixes Set the Stage for a Big Comeback! 

 Henkel’s first quarter of 2025 results reflect a mixed but strategic period for the company. With a reported organic net sales decline of 1%, Henkel’s downturn aligns with its prior forecast, signaling management’s capability to anticipate market dynamics accurately. The consumer business experienced a 3.5% decline in sales, attributed to prior strong innovation-led comparables and current market softness. However, it’s noteworthy that this decline was within expectations and contextualized by significant innovation launches from 2024, reflecting a planned and strategic performance trajectory.