< The 2014 All-Europe Research Team
& team Sanford C. Bernstein First-Place Appearances: 5
Total Appearances: 8
Team Debut: 2007 Sanford C. Bernstein extends its reign atop this lineup to a fifth straight year. Singapore-based Andrew Wood, 49, oversees a four-member team that is spread across London, New York and Pune, India. He is the only researcher this year to lead more than one top-ranked crew, as he also captains the squad that is No. 1 in Food Producers for a fifth year running. Of the four companies his analysts cover in this segment, Henkel is a long-standing favorite. The German company, which manufactures adhesives and home and personal care products, “is a multiyear turnaround story,” Wood explains. “While [earnings before interest and tax] margins have increased from 10 percent to 15 percent in four years,” he adds, “there is still more opportunity for improvement.” Henkel’s shares bolted 35.5 percent last year, to €84.31, pacing the sector by 7.8 percentage points. One Italian buy-side counterpart lauds the Bernstein group’s “very deep analysis of the sector and single stocks” and appreciates the “big amount of sector data used for trend analysis.”
See also Andrew Wood's profile in the 2013 All-Europe Research Team - Food Producers, 2013 All-Europe Research Team - Household & Personal Care Products, 2012 All-Europe Research Team - Food Producers and the 2012 All-Europe Research Team - Household & Personal Care Products.
