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


EU and Japan agree in principle on trade deal

20/07/2017

(content provided by EuroCommerce) After more than four years of negotiation, the EU and Japan have reached a political agreement in principle on an Economic Partnership Agreement during Japanese Prime Minister Abe’s visit to Brussels. 

Register for the RetailDetail Day 2017 now

20/07/2017

Starting today, you can register for the annual RetailDetail Day, in Mechelen on 21 September. The widely varied program will bring together reputable retailers and digital innovators.

Ensuring your packaging is not past its prime

18/07/2017

By the end of 2017, almost a quarter of everyone on the planet will be over the age of 50. This represents a huge opportunity for retailers but they must be wise, particularly in regard to their packaging choices, if they want to engage this demographic.

Over 100 exhibitors at Shoptalk Europe

18/07/2017

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

European consumer remains upbeat

18/07/2017

Research firm GfK’s recent study shows that the European consumer trust keeps growing, but there are vast differences depending on the country.

Reckitt Benckiser evades taxes through the Netherlands

13/07/2017

British Reckitt Benckiser, which owns brands like Durex, Calgon and Nurofen, has evaded hundreds of millions of euros in taxes through the Netherlands according to Oxfam Novib after it studies the company’s financial results.

Back to top