Global personal and home care provider Henkel has reported strong growth for its 2017 results, with gains driven by its exposure to new markets, including Latin America.
German manufacturer looks to target the hair care market in Eastern Europe, the Middle East and Africa, after acquiring a portfolio of brands from Procter & Gamble which all target these regions.
Colgate-Palmolive’s fourth quarter results were hard hit by currency exchange but organic revenues increased by 5.0% on the back of product price increases.
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.
Procter & Gamble has seen a big rise in its profits for the latest quarter, as savings from the company’s restructuring plan start to take effect alongside modest sales growth.
Two of the larger players in the cosmetics industry have both announced that sales are still displaying solid growth despite the significant business and economic challenges at present.
Thanks to a ramped up marketing drive to celebrate skin care brand Nivea’s 100th anniversary, Beiersdorf’s Consumer business has shown a return to growth following a release of its figures.
Henkel reports significant gains for its first financial quarter, a result that was driven by major revenue increase in both its cosmetics division and emerging markets.
Procter & Gamble CFO Jon Moeller says the company still aims to increase its market share significantly in the course of the year, despite the spectra of rising costs.
Kimberly-Clark registered sales growth of 7.6 percent for its first quarter, boosted by a steady increase in organic sales and positive currency translations.
