Late last week the CPG company announced quarterly earnings, and by CEO David Taylor’s own assessment, “delivered good results…in a difficult operating environment.”
The consumer packaged goods company release its Q1 results on Tuesday, the first such report since P&G completed its divesture of specialty beauty brands to Coty.
At a time when all the big players in the cosmetics and personal care space have faced a market slowdown, Beiersdorf CEO Stefan Heidenreich says that manufacturers must strategize for the long haul and not panic.
US cosmetics giant Procter & Gamble has reported relatively static sales growth in its latest quarterly earnings report.
Procter & Gamble reported a stronger increase in its fourth quarter sales, but beauty and grooming sales are steady, while profits are down as the company continues to pay out to streamline the business.
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.
The Germany-based manufacturer of global super brand Nivea has announced that Stefan Heidenreich will take over as CEO of Beiersdorf next year.
Beiersdorf to invest in Nivea brand as Q4 results confirm slower growth
Beiersdorf’s Q4 sales show weaker results on easy comparisons, triggering the company to invest as much as €100m in its flagship Nivea brand.
Costs hit Kimberly-Clark 3Q profits
Kimberly-Clark s Q3 profits fell 19 percent as higher manufacturing costs ate into the bottom line, despite the fact sales for the period edged up.
Procter & Gamble profits slide despite jump in sales
First quarter profits were down for the global consumer products company as it was hit by price discounting and added promotional expenses to support new product launches.
Beiersdorf results show upturn, but outlook is unsure
Beiersdorf’s fourth quarter and full year results show clear signs of improvement, but analysts believe a strong rebound is far from close.
Personal care helps to buoy Beiersdorf results
Personal care sales help to propel Beiersdorf to the close of a tough year, underlined by the fact that the company outperformed average market growth.
P&G acts with ‘urgency’ to return to organic sales growth
Consumer goods giant Procter & Gamble expects to return to organic sales growth by the end of the year after reporting two quarters of organic sales declines.
P&G confirms McDonald as new president and CEO
Procter & Gamble has confirmed that Robert McDonald will take over from A.G. Lafley as CEO, following a board meeting earlier this morning.
P&G set to name McDonald as new CEO, report says
Robert McDonald is set to take over from A.G. Lafley as the new CEO of Procter & Gamble, according to a report in the Monday edition of The Wall Street Journal.
Henkel 'not satisfied' with start of 2009
A respectable performance from Henkel’s cosmetics and laundry sectors could not make up for struggles in the company’s adhesives business.
P&G says president Susan Arnold will not be replaced
Procter & Gamble (P&G) does not plan to replace Susan Arnold who steps down as president today.
Beiersdorf says acquisitions are still possible as results defy downturn
Beiersdorf announces strong sales growth and beats earning forecasts, adding that it will remain acquisitive in 2009 if the right opportunities arise.
Cosmetics drive growth for Henkel
Germany-based cosmetics and home care producer Henkel has announced
strong results, driven higher by a particularly good performance
from its cosmetics division.
P&G ups profit but stocks tumble as sales disappoint
Procter & Gamble has reported a 37 per cent jump in its
profits, but share prices fell after the company revealed that its
sales had failed to meet with expectations on the back of inventory
cut-backs by Wal-Mart and slower than...
Restructuring helps drive Cognis Care results
Cognis Care Chemicals has reported a stronger financial performance
in 2004 thanks in part to a restructuring of the division. The
results helped the privately-owned German group to reduce its debts
by more than half compared to the...