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.
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.
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 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 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.
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.
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.
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.
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.
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 Products has reported flat sales for it fourth quarter the negative impact of currency translations and falling sales for skin care and color cosmetics.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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