With the multinational consumer goods giant recent first quarter results revealing an unexpected boost to sales growth, commentators suggest it’s a sign Unilever can go it alone.
Beiersdorf says it expects to see strong sales growth this year despite tough economic conditions, with company CEO Stefan Heidenreich stating that he is ‘cautiously optimistic’ for 2015.
According to a survey conducted by IMRG, one in ten retailers expect more than 50% of their online sales to come from a smartphone or tablet device by the end of this year.
Unilever has triggered some concerns in the personal care market over a lower profit warning ahead of its third quarter results, due out later this month.
Nivea skin care maker Beiersdorf has posted strong results for the first half of 2013 and expects to continue to outperform its rivals, despite CEO Stefan Heidenreich urging caution over certain markets.
Thanks to a strong fourth quarter in the hair care segment, Unilever signed off a good year of growth in Personal Care, as well as its other consumer categories, with the announcement of its full year results.
Germany-based fragrance and flavour supplier Symrise has announced the completion of a €16 million investment at its Holzminden headquarters to meet demand for synthetic menthols in emerging markets.
Symrise reports above market average group sales growth, but the results in the scent and care division are weaker and costs hold back stronger profit growth.
As it has done on several occasions previously, the Nivea brand has once again helped out German company Beiersdorf, as it announced its sales and profit for the first quarter 2012.
Beiersdorf reported solid group sales growth, driven by big gains for its industrial adhesives unit, Tesa, and more modest increases in its consumer products division.
Procter & Gamble says it is still on course to increase organic sales during the October-December quarter, but says growth will be below original estimates.
Good performance from Nivea helped keep Beiersdorf’s results up although costs relating to its Chinese operations may affect profits before the year is out.
New Jersey-based International Flavors and Fragrances has reported
a strong increase in its third quarter sales driven by its flavors
division, but profits are hit by administration charges.
Procter & Gamble said that net quarterly sales were up 8 per
cent to $18.69bn, driven by double-digit growth in the baby &
family care division and high single-digit sales growth in the
beauty and blades and razors division.
L'Oreal has declared that it is not adverse to making further
acquisitions in the future in an effort to maintain sales growth at
6 - 8 per cent, while confirming a 50 per cent drop in its annual
profits following merger gains...
Inter Parfums says it is expecting a 10 per cent boost in its sales
next year on the back of a plethora of prestige fragrance launches,
as well as the freshly signed deal to supply personal care goods to
the Banana Republic and Gap.
