Procter&Gamble sees quarterly profit and turnover rise

Procter&Gamble's net profits have gone up 15% to 1.75 billion euro in the second quarter (according to their financial year: the fourth). Much like their competitor Unilever, P&G has been able to let the consumers pay for most of the rising prices for raw materials. The rest of the rise was due to cost cuts, exchange rate fluctuations and excellent performances on growth markets.

 

P&G's net turnover also went up, to 14.6 billion euro (+10%), pushing the yearly turnover to reach 57.3 billion (+5%). For both the next quarter and the next financial year, the Cincinnati concern expects a growth up to 9%. 

 

European sales have been flourishing because of P&G's sharp prices on Gilette razors and Pampers, which caused most competitors serious problems: only Unilever and Henkel have stood their ground. American sales however have slowed down due to a lower consumer confidence: P&G has now adopted the strategy of aiming at Asian markets, as to lower their dependence on American sales. 

Procter&Gamble's net profits have gone up 15% to 1.75 billion euro in the second quarter (according to their financial year: the fourth). Much like their competitor Unilever, P&G has been able to let the consumers pay for most of the rising prices for raw materials. The rest of the rise was due to cost cuts, exchange rate fluctuations and excellent performances on growth markets.

 

P&G's net turnover also went up, to 14.6 billion euro (+10%), pushing the yearly turnover to reach 57.3 billion (+5%). For both the next quarter and the next financial year, the Cincinnati concern expects a growth up to 9%. 

 

European sales have been flourishing because of P&G's sharp prices on Gilette razors and Pampers, which caused most competitors serious problems: only Unilever and Henkel have stood their ground. American sales however have slowed down due to a lower consumer confidence: P&G has now adopted the strategy of aiming at Asian markets, as to lower their dependence on American sales. 

Questions or comments? Please feel free to contact the editors


Shoptalk Europe: prices go up at midnight

21/09/2017

(advertorial) Shoptalk Europe, the event for retail and ecommerce innovation held 8-11 October 2017 in Copenhagen, covers trends, technologies and business models reshaping how consumers discover and shop in an age of digital disruption.

EuroCommerce: protectionism, Europe’s greatest challenge

15/09/2017

(Content provided by EuroCommerce) According to EuroCommerce Director-General Christian Verschueren, the sector faces many challenges due to a rising tide of protectionism worldwide and within Europe.

Last ten days for cheaper tickets Shoptalk Europe

14/09/2017

(advertorial) Shoptalk Europe (8-11 October in Copenhagen) is the new event for retail and ecommerce innovation. It covers transformational trends, technologies and business models reshaping how consumers discover and shop in an age of digital disruption.

"EU has to define eCommerce's boundaries better"

13/09/2017

Dutch European Parliament member Marietje Schaak feels the European Commission should create a better framework for digital trade in and with European member states. Otherwise, major internet companies will decide the standards themselves, she fears.

Europe wants legal framework for franchisees

13/09/2017

The European Parliament has accepted the “The functioning of franchising in the retail sector” study, which lists several solutions to strengthen a franchisee’s position.

Google appeals European fine after all

12/09/2017

Despite earlier indications that Google would just alter its Google Shopping approach to comply with European legislation, it has now decided to appeal the monster fine.

Back to top