Fragrance sales for the Switzerland-based fragrance and flavours giant showed strong growth on the back of new wins and improved sales of existing products.
Dispensing systems provider Aptar has reported a big rise in both sales and operating profit during the second quarter, on the back of increased demand for fragrance and cosmetics packaging.
L’Oreal has proved it is well and truly on the road to recovery after posting double digit second quarter growth on the back of a particularly strong performance in developing markets.
Global oral care giant Colgate-Palmolive has announced that the impact of the Venezuelan currency devaluation earlier this year will cost the company $275m.
Flavour and fine ingredients manufacturer Frutarom has reported a drop in sales and profit for 2009 although the fourth quarter shows signs of recovery.
Swedish direct sales company Oriflame has announced a 14 per cent increase in its fourth quarter local currency sales, but negative currency translations take the shine off.
Some of the world’s biggest personal care players, including Procter & Gamble, Unilever, L’Oreal and Colgate are likely to be affected by Venezuela’s move to devalue its currency.
Inter Parfums says that it expects to see its sales grow in 2010, in contrast to the shrinking sales experienced by the company during the course of 2009.
Hair and skin care specialist Alberto Culver said its fourth quarter sales were hit by currency translation and profits were down, but the results beat expectations.
Inter Parfums announced that its third quarter sales fell by 5 per cent as it continued to be hit by both the strength of the US dollar against the euro and slow retail markets.
US prestige cosmetics player Estee Lauder says it expects better sales and ‘significantly’ higher profits for its soon-to-be announced first quarter results.
Direct sales player Oriflame has announced a big increase in local sales for its second quarter, but the negative impact of currency exchange hits profits.
Parlux registered a small increase in sales on big gains in the US market, but international sales continue to fall, and the company remains in the red.
Fragrance and flavour supplier Givaudan blames a drop in sales on destocking and lower consumer demand, although it said second quarter results show a slight recovery.
International fragrance player Inter Parfums posts a big drop in its second quarter sales on a poor performance in the US market, compounded by currency translation.
Procter & Gamble revealed that its third quarter sales fell by 8 percent as consumer spend in developed markets fell and the strength of the US dollar impacted international sales.
Hair care specialist Alberto Culver becomes another victim of the strong dollar against international currencies, as a resulting drop in sales dents profits.
Tupperware Brands, the maker of food storage products and beauty products, announce big drop in sales, further exacerbated by a strong dollar impacting European results.
A leading US analyst has downgraded its rating for Colgate-Palmolive, stating that Wall Street earnings expectations for the first quarter were too high.
Avon says its newly expanded restructuring plan should see the company’s workforce shrink by up to 3,000, while the number of sales representatives is set to rise.
Tupperware’s beauty business suffered significant losses over the quarter prompting a change of leadership in an attempt to ‘reinvigorate’ the segment.
Parlux preliminary sales rose six percent during its all-important third quarter, but the company aims to cut costs to offset a sharp fall in sales to overseas customers.
Global fragrance player Inter Parfums says the continued strength of the dollar is likely to hamper full year financial results for its US-based oeprations.
A significant jump in sales has driven a fifty percent increase in
first quarter profit for Inter Parfums thanks to a successful
Burberry fragrance launch.
Kimberly-Clark has reported that its first quarter profits fell by
2.5 percent after being hit by higher cost pressures, despite a
strong increase in sales.
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.
Not only has the acquisition of Gillette helped global giant
Procter & Gamble to boost its sales, subsequent synergies and
consolidation have helped the company achieve strong profit growth.
A weakened dollar could help to boost revenues for a number of
international US-based cosmetics companies, especially those with
exposure in Europe. But with materials and ingredients being
increasingly sourced overseas, the impact...
Continuing the decline in sales experienced during 2005, Inter
Parfums has reported a dip in its dollar sales for the first
quarter of 2006 as the company struggles to improve its ground in a
hugely competitive market.
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.