French cosmetics giant L’Oréal has strengthened its position as the world’s top beauty brand, while Brazil’s Natura and Avon both take a tumble under tough market conditions.
Estée Lauder Companies’ results might have come in above Wall Street’s expectations for the past 18 quarters, but Goldman Sachs has taken the decision to downgrade it.
US-based Nu Skin continues to struggle against currency headwinds and declining sales in its mainstay Asia Pacific markets, with the resulting net profits coming in at below expectations.
Avon results show a big drop in sales on the back of currency translations and tax costs, leading net profits to come in below market expectations.
Korea has become the second largest exporter of cosmetics to China behind France, with 34 per cent market share.
Financial investors service Moody’s has downgraded its rating for Avon for the second time in less than a year following weak financial results published last week.
Procter & Gamble has made big cost reductions and is on the verge of significantly slimming down its brand portfolio, but currency exchange is set to throw up another obstacle to its recovery plans, an industry analyst believe.
Avon Products has posted another quarter of falling sales, but the performance in the Asia Pacific market outpaces the results posted in the company’s three other global regions.
As part of its efforts to persuade Japanese businesses to slash product prices due to the falling Japanese yen, the Ministry of Economic Affairs (MOEA) invited companies 'for a cup of coffee' to talk about special discounts and promotions.
L’Oreal reported a weak third quarter for 2013 as sales in some regions were affected by market slowdowns and higher-than-expected inventory reductions in distribution.
Sales in China plunged for Avon, counterbalanced by gains in both Brazil and Russia, while profits nosedive due to the impact of restructuring charges.
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.
Avon continues to battle through difficult times, with its most recent results significantly impacted by falling sales in the China market, as the company restructures its business model there.
Swedish cosmetics maker Oriflame saw strong sales growth in Asia, Africa and Latin America once again for the second three months of the year, although admits that figures in Europe and CIS fell just short of expectations.
Nu Skin financial results boosted by emerging markets, especially China
Direct sales cosmetic and skin care player Nu Skin has announced a big rise in its quarterly revenues on the back of record revenues in Latin America and Asia.
Revlon sales up, but profits hit by tax costs
Revlon has reported a healthy growth in sales for its third quarter on the back of a particularly strong performance in the US market, but net profits are hit by a substantial tax bill.
Avon hit by flat US dollar sales and fresh SEC China probe
Avon third quarter US dollar sales were virtually flat, while a renewed SEC probe into bribes in China meant the company’s stock value has plummeted to a year low.
P&G first quarter profits were slightly down on higher commodity costs despite sales taking a big leap, but the outlook is more challenging as currency gains are expected to be wiped out.
Revenue boosted by currency exchange and colors sector for Sensient
US-based colors and fragrances supplier Sensient reported slightly above average third quarter figures for 2011 boosted by favorable currency translations and a strong colors group.
Analyst predicts tough quarter for US personal care companies
With the threat of a second global recession hovering in the wings, a Citi Investment analyst says there are concerns over the Q4 performance of US personal care players.
Financial results underline effects of costs, currency and emerging markets
The five biggest international finished goods manufacturers continue to post improved results, although rising costs, currency translation and sluggish developed markets continue to throw up challenges.
Focus on growth markets pays off as Unilever posts strong Q2 results
Unilever has posted strong second quarter and first half results, with sales and profits powering ahead in each of the company’s four divisions.
Givaudan profits hit by currency translation and raw material costs
Swiss flavours and fragrance giant Givaudan announced a healthy increase in local currency sales but currency translation and raw material costs hit the bottom line.
Naturex posts strong Q1 growth and highlights ‘promise’ in Personal Care
Speciality ingredients supplier Naturex has posted strong growth for the first quarter and despite it remaining a small part of its operations, the company still holds out hope for its personal care business.
Avon Q4 hit by falling beauty sales and currency exchange
Avon Products has reported flat sales for it fourth quarter the negative impact of currency translations and falling sales for skin care and color cosmetics.
Oriflame Q4 results hit by weaker demand
Oriflame says that its fourth quarter results were ‘slightly weaker’ than expected, hit by a falling demand in both the EMEA and CIS markets.
Sales down for Colgate-Palmolive on weaker dollar
Colgate-Palmolive has reported a slight drop in third quarter sales dragged down by the weakening dollar, although net income remains strong.
Avon Q3 sales show strong gains from new markets
Avon Products reported above market average sales growth for the third quarter, a result that was driven by strong growth in new markets that helped to offset falling North American sales.
Weaker European currencies help boost Clariant 2Q results
Switzerland-based specialty chemicals players Clariant has announced a big jump in 2Q sales, boosted by the strength of the US dollar against European currencies and weaker 2009 comparisons.
Developing markets help drive big sales gains for L’Oreal
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.
Restocking boosts Givaudan’s first quarter
Sales for fragrance and flavour supplier Givaudan are looking up in the first quarter of 2010 as customers return to normal buying patterns.
Currency translations hit Oriflame’s fourth quarter
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.
Shiseido nine month results show big sales drop
Global cosmetics giant Shiseido showed a big drop in sales for the first nine months of the year, as consumers switch to cheaper brands.
Gains from restructuring boost Estee Lauder profits
Estee Lauder results shows a big jump in profits, with strong results in Asia and reduced costs helping to prompt the company to raise its outlook.
Avon sales up but results dragged down by strong US dollar
A strong US dollar offset the effect of sales increases for direct seller Avon leaving the profits down significantly on last year’s figures.
Oriflame results hit by currency translation, negating sales gains
Oriflame sales dropped during its third quarter, with a double digit gain in local currency sales being negated by unfavourable currency translation.
Estee Lauder posts big Q4 loss on restructuring charges
Estee Lauder posts a big fourth quarter loss after it experiences the double whammy of stiff restructuring charges and a big drop in sales.
Oriflame sales up but costs and currency exchange hits profits
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.
Givaudan first half sales drop although it sees ‘encouraging recovery signs’
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.
Restructuring costs hit Avon second quarter profits
Avon has announced a 65 percent drop in profits as charges for its tough restructuring program bites into the company’s bottom line.
Kimberly-Clark sales down but outlook up on lower costs
Personal care giant Kimberly-Clark says net sales fell 6 per cent during its second quarter but says cost savings should boost full year results.
Symrise restructures as first quarter profits suffer
Symrise is closing a production facility in Spain as part of restructuring plans which aim to improve the company’s bottom line.
Avon restructuring could mean 3,000 fewer employees
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.
Estee Lauder drops annual expectations due to uncertain times
Estée Lauder has lowered expectations for the year in the light of ‘extraordinary uncertainty’ in the global economy.
Symrise results affected by high raw material costs
Symrise has reported a sales increase for the first quarter of 2008
led mainly by emerging markets but bottom line figures suffered due
to higher energy and raw material costs.
European sales and currency trends nudge Clarins' figures down
Unfavourable exchange rate trends and declining European sales led
France-based Clarins Group into stagnant waters during the first
Strong sales help boost Oriflame profits
Sweden-based direct sales giant Orilflame says it has managed to
boost its profits thanks to double digit sales growth during the
IFF reports strong sales but charges hit profits
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.
P&G reports big rise in profits
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.
Strong sales see Oriflame end 2005 with a bang
Oriflame says that euro currency sales growth of 24 per cent in its
fourth quarter, ending in December - a strong end to a year marked
by restructuring and a major push into developing markets.