P&G profit slightly grows in first quarter | RetailDetail

P&G profit slightly grows in first quarter

P&G profit slightly grows in first quarter

Manufacturer Procter & Gamble has managed to increase its net profit by 2 % in 2014's first quarter, even though turnover disappointingly remained level with exchange rates a huge pressure on the results.

Turnover does not grow

P&G has made a 2.61 billion dollar profit (1.89 billion euro) in its first quarter of 2014, a 1.7 % rise compared to the 2.57 billion dollars (1.86 billion euro) it managed the year before. Turnover remained level though, at 20.6 billion dollars (14.9 billion euro). Without exchange rate fluctuations, turnover would have increased 3 %.


Because of the exchange rates, the company decided to revise its goals for fiscal year 2013/2014 back in February as it suffers tremendously when currencies are exchanged into dollars. It now expects a 0 to 2 % turnover increase and a 3 to 5 % profit increase.


P&G is currently in a 5-year restructuring program, which should eliminate costs significantly in order to improve the results. A major focus is to increase market share in emerging markets, as its organic growth there grew by more than 5 %. The developed markets only managed a 1 % organic growth, but these have a larger profit margin compared to the emerging markets. That is because P&G spends on marketing to gain more brand awareness in emerging markets.

Questions or comments? Please feel free to contact the editors

Europe wants global ban on animal testing for cosmetics


Several Members of the European Parliament say the current European ban on animal testing for cosmetic purposes needs to be extended to a global one.

Unilever warns online media: we can no longer advertize like this


Unilever has threatened to pull its advertising budget from online media channels that lack transparency and create discord according to marketing director Keith Weed’s statements at the IAB advertisers’ congress.

Luxury brands spur on L’Oréal's profit


Despite weak turnover growth in 2017, cosmetics company L’Oréal still generated a much-improved net profit thanks to excellent luxury sales, where its margins are bigger.

Trekpleister director will become Kruidvat Belgium and France CEO


A.S. Watson, the holding that owns Kruidvat, ICI PARIS XL and Trekpleister, appointed Roland van den Berg as Trekpleister’s general manager. He will succeed Bert Verhoef, who will move to Kruidvat Belgium and France.

Ecover will update its entire product range


Belgian ecological laundry and cleaning detergent manufacturer, Ecover, will alter its entire product range’s packaging. Laundry detergent will alter first and the entire operation should be finalized within two years.

Unilever will cut jobs at Belgian retail sales team


Unilever Belgium will restructure its team of store representatives and cut eleven jobs. The company confirmed that to RetailDetail.

Back to top