Leaders at Unilever, Procter & Gamble and Colgate-Palmolive are predicting a tough six months ahead, with cost inflation anticipated to peak and foreign exchange challenges to continue.
French cosmetics giant L’Oréal has strengthened its position as the world’s top beauty brand, while Brazil’s Natura and Avon both take a tumble under tough market conditions.
Procter & Gamble has announced a disappointing set of financial results as sales drop for the sixth consecutive quarter and profits take a massive hit on unfavourable currency exchange and Venezuela charges.
Procter & Gamble saw its second quarter earnings take a hit with the strong dollar having a big impact, setting up a challenging year for the Ohio-based firm.
After being negatively impacted by the devaluation of the ruble, cosmetics giant Oriflame has revealed its’ plans to speed up the level of price increases in Russia in the coming year.
Japan-based cosmetics giant Shiseido has announced a dip in its full year 2012 financial results as the domestic market continues to face challenges and sales in China also slump.
Fragrance player Inter Parfums has posted a big hike in its first quarter sales on the back of a particularly strong performance in the European market, as the door is finally closed on the Burberry licensing agreement.
The personal care packaging manufacturer is to close two of its European sites and restructure twelve of its facilities in a bid it says, to boost future growth in the region.
Estée Lauder reported good sales growth in all regions except for Europe, where economic problems mean consumers are having to cut back on their spending.
Avon Products has reported one of its worst quarterly results in many years, with both sales and profits taking a big hit on the back of tough market conditions and an ill-defined product portfolio.
P&G first quarter profits were slightly down on higher commodity costs despite sales taking a big leap, but the outlook is more challenging as currency gains are expected to be wiped out.
Kimberly-Clark posted record sales income for the third quarter, boosted by a combination of a weak US dollar, higher sales volumes and higher prices for certain products, but net income takes a tumble, as does the outlook.
Switzerland-based Clariant will open a new laboratory near Mumbai focused on developing formulations specifically for the personal care industry in India, a market that is showing continued growth.
Swiss flavours and fragrance giant Givaudan announced a healthy increase in local currency sales but currency translation and raw material costs hit the bottom line.
New launches and the success of the Lanvin and Jimmy Choo Fragrance lines helped to boost Inter Parfums quarterly results, although currency translations take the shine off.
Inter Parfums has started the year on a strong note after posting sales growth for the first quarter, thanks to both its European and US-based product sales.
Procter & Gamble reports a double-digit increase in third quarter earnings, but reduces it upper end earnings outlook in the belief that manufacturing costs are set to rise further.
Flavours and fragrance giant Symrise has reported very strong sales growth in the first nine months of the year, driven by outstanding gains in emerging markets.
New York-based Inter Parfums said the sales decline in its European-based divisions masked a very successful quarter for Burberry, one of its leading brands.
Direct sales player Oriflame has announced a healthy increase in its quarterly and full year sales, but the results indicate that profit is tailing off against rising costs.
Henkel has reported a positive sales increase for its cosmetics and
toiletries sector although sales in North America have suffered
across all divisions.
Fragrance and cosmetics maker Inter Parfums has reported record
third quarter 2006 results, as net sales rose 19 per cent, with
established fragrance brand Lanvin being singled out for a
particularly strong performance.
Kimberley-Clark has reported a significant boost in net sales and
income, with particular strength in the personal care sector,
helped by major cost reductions throughout the company.
Swiss-based global fragrance and flavours giant Givaudan says that
a down-turn in its performance for the first six months of the year
was buouyed by a stronger showing from it international fragrance
operations.
P&G is building on four years' of solid growth, having revealed
that its most recent quarterly results are continuing the trend and
is pointing to the proposed merger with Gillette as a means of
continuing the current momentum...
Inter Parfums has reported a better than expected sales performance
for the fourth quarter and full year 2004. The company said that
favourable currency exchange and it Burberry branded fragrances
were the main reason for the result,...
US-based multinational Revlon has announced a decline in sales of 7
per cent for its third quarter. As well as trying to trying to
refinance its growing debts, the company is also struggling to hold
on to its costumers.
Elizabeth Arden has posted a Q1 loss smaller than that reported for
the same period last year. The narrowing of losses was driven by
favourable foreign currency exchange rates and an increase in sales
of both higher margin fragrance...
Number one flavour and fragrance house reports a drop in sales for
the second quarter, hit by a slip in European and North American
sales. International Flavors & Fragrances had expected sales to
increase by 5 per cent on 2002,...
Avon Products, a world leader in direct selling of beauty and
related products, today said it expects sales and earnings per
share in the second quarter and full-year 2003 to increase in line
with preliminary estimates.
![Despite a fairly solid rebound for most of the beauty and personal care category mid-2022, the challenges ahead remain severe and require smart business planning [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/headlines/business-financial/unilever-procter-gamble-and-colgate-palmolive-talk-inflation-and-currency-woes/15657597-1-eng-GB/Unilever-Procter-Gamble-and-Colgate-Palmolive-talk-inflation-and-currency-woes.jpg)
