Strong Q2 results for Colgate-Palmolive thanks to sales in emerging markets

Oral and personal care products giant Colgate-Palmolive has unveiled positive overall growth thanks to strong sales in the emerging markets.

The US-based company has posted unaudited results of its second quarter sales for the three months in 2011, ended 30 June.

Worldwide net sales for Colgate-Palmolive saw an increase in comparison to sales for the same period of time from the previous year 2010, from $3,814 million to $4,185 million, which is an increase of 9.5 percent.

Emerging markets positive

In a breakdown of Colgate-Palmolive’s worldwide net sales, within the oral, personal and home care sector, it was the emerging markets which showed an increase in sales, in comparison to Q2 sales in 2010.

The markets of Latin America and Greater Asia/Africa have shown sales increases from one year to the next of 16.7 percent and 11.8 percent respectively.

Net sales generated from Latin America rose from $1,055 million in the second quarter of 2010, to $1,231 million in the second quarter of this year, 2011.

In a similar fashion, net sales generated from Greater Asia/Africa rose from $730 million in 2010, to $816 million, in the second quarter of 2011.

Sales also rose in the Europe/South Pacific market, from $770 million in the year of 2010, to $857 million in the current year for the second quarter.

As such, of all the four global markets, North America; Latin America; Europe/South Pacific; and Greater Asia/Africa, the Latin American market has proven to be Colgate-Palmolive’s largest contributor of sales.

Disappointing figures from US

The North American market showed a decrease in sales for the second quarter of 2011, for the three months ended 30 June, against sales generated in the same time frame in the previous year 2010.

Sales generated in Q2 of 2010 were higher, at $768 million, in comparison to the drop to $744 million in the second quarter of this year 2011, which is a decrease of 3.2 percent.

Colgate-Palmolive posted a similar trend of results for operating profit in the oral, personal and home care sector for the markets, with the exception of the Europe/South Pacific market, which saw a decrease in Q2 operating profit, from 2010 to 2011.