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.
France-based luxury brand LVMH has announced another strong performance for its fourth quarter, but gains in its cosmetics division are overshadowed by stronger results in the four other divisions.
Henkel, the German maker of Schwarzkopf hair products and Right Guard antiperspirant reported third quarter profit that fell short of expectations as raw-material costs rose; however the Cosmetics/ Toiletries business continued its upward curve.
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.
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.