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Colgate announces 4Q and full year 2013 results
F O C U S growth in northern Europe. Sales performance, while negative, was competitive. The UK delivered the 25th successive quarter of growth. Original Source: Unilever PLC, 2014. Found on Marketwired, 21 Jan 2014, (Website: http://marketwired.com)
Colgate announces 4Q and full year 2013 results Colgate-Palmolive Co reported worldwide net sales of $4361 M in 4Q 2013, an increase of 2.0% versus 4Q 2012. Global unit volume grew 6.5%, pricing was even with 4Q 2012 and foreign exchange was negative 4.5%. Organic sales grew 6.5%. Net income in 4Q 2013 was $564 M, which included $133 M of after-tax charges resulting from the implementation of the previously disclosed four-year Global Growth and Efficiency Program (the ‘2012 Restructuring Program’), a charge associated with an existing European competition law matter and costs associated with the sale of land in Mexico. Operating profit decreased 5% to $892 M in 4Q 2013 compared to $942 M a year earlier. For full year (FY) 2013, worldwide net sales were $17.42 bn, up 2.0% versus FY 2012. Global unit volume grew 5.0%, with pricing +1.0% and foreign exchange -4.0%. Organic sales grew 6.0%. Net income for 2013 was $2241 M compared to $2472 M in 2012. FY 2013 results include $424 M of aftertax charges. In North America, ColgatePalmolive reported a 2.5% year-onyear increase in net sales in 4Q 2013. Unit volume increased 4.0% with 1.0% lower pricing and 0.5% negative foreign exchange. Organic sales increased 3.0% during the quarter. Operating profit in North America increased 5% in 4Q 2013 to $241 M. In the USA, new product launches contributing to volume growth included Colgate mouthwashes, Palmolive Soft Touch and Palmolive Lotus Blossom & Lavender dish liquids and Suavitel fabric conditioner. The company reported a 1.0% increase in Latin American net sales in 4Q 2013. Unit volume increased 10% with 2.5% higher pricing and -11.5% foreign exchange. Volume gains were led by Venezuela, Brazil, Mexico and Colombia. Organic sales for Latin America increased 12.5% during the APRIL 2014
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quarter. Operating profit in Latin America increased 3% in 4Q 2013 to $363 M. Colgate’s strong leadership in oral care throughout Latin America continued during the quarter with toothpaste market share gains. Colgate-Palmolive reported a 0.5% decrease in net sales in Europe/South Pacific in 4Q 2013. Unit volume increased 2.5% with 4.5% lower pricing and 1.5% positive foreign exchange. Excluding divested businesses, unit volume increased 3.0%. Volume gains in the UK, Australia and Poland more than offset volume declines in France and Germany. Organic sales for Europe/South Pacific decreased 1.5%. Regional operating profit increased 7% in 4Q 2013 to $200 M. In Asia, the company reported an increase of 4.5% in net sales during 4Q 2013. Unit volume increased 10.5% with pricing -1.5% and foreign exchange -4.5%. Volume gains were led by the Greater China region, India and the Philippines. Organic sales for Asia increased 9.0%. Asian operating profit increased 14% in 4Q 2013 to $165 M. Colgate-Palmolive posted a 0.5% increase in net sales in Africa/Eurasia during 4Q 2013. Unit volume increased 6.0% with 1.0% higher pricing and 6.5% negative foreign exchange. Volume gains were led by Russia, the Sub-Saharan Africa region, Turkey and the Central Asia/Caucasus region. Organic sales for Africa/Eurasia increased 7.0%. Regional operating profit increased 9% in 4Q 2013 to $76 M. Original Source: Colgate, website: http://www.colgate.co.uk/ (30 Jan 2014) © Colgate Palmolive 2014
Novozymes Household Care business grows 9% in 2013 Novozymes’ sales to the household care industry grew by 9% in 2013 and now represent 36% of the company’s turnover. The Household Care business has generally performed very well in recent years, and from 2008 to 2013 the business has grown around 10%/y. Today Novozymes has >60% of the global market share for laundry detergent enzymes and approximately 300 customers worldwide. Novozymes came up with the first enzymatic laundry soap bar for the Latin American market in mid-2013, helping
consumers save on soap, water and time. In Japan, the company helped a key customer deliver an alternative: a super-compact powder detergent that also uses fewer surfactants. Original Source: Novozymes, website: http://www.novozymes.com) (21 Jan 2014) © Novozymes 2014
COMPANY NEWS Henkel sees few opportunities for acquisition soon Henkel’s boss is damping expectations of a rapid acquisition. Kaspar Rorsted says that at the moment there is little on the market. With interest rates low, almost no-one wants to swap a company for cash. There will be more opportunities in the next three years. Rorsted did not want to commit himself to a business field. In adhesives the company is two-and-a-half times larger than the number two. But the business in detergents and cleaners is just as attractive. It does not fluctuate as much as the industrial economy. Henkel has, however, recently completed the acquisition of a beauty care plant near Moscow in Russia from Wellchem Holding GmbH of Austria. With this transaction Henkel Beauty Care intends to support business growth in Eastern Europe, which is one of the biggest and most important markets for Henkel. Wellchem is reported to have sales in the range Roubles 860 M to Roubles 2 bn (€19-44 M). Original Source: Chemie Aktuell, 2 Jan 2014, (Website: http://www.maerkte-weltweit.de) (in German) © MBM Martin Brueckner Medien GmbH 2014. Original Source: Henkel AG & Co KgaA, website: http://www.henkel.com (13 Dec 2013) © Henkel AG & Co KGaA 2013
Aqdot raised $1.6 M Aqdot has collected $1.6 M to fund its development of encapsulation technology for applications including personal care products, detergents and pesticides. The UK company said that it is discussing partnerships with several interested companies. Aqdot is a spin-off company from the University of Cambridge. Original Source: Chemical and Engineering News, 16 Dec 2013, 91 (50), 13 (Website: http://www.cenonline.org) © American Chemical Society 2013
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Colgate announces 4Q and full year 2013 results Colgate-Palmolive Co reported worldwide net sales of $4361 M in 4Q 2013, an increase of 2.0% versus 4Q 2012. Global unit volume grew 6.5%, pricing was even with 4Q 2012 and foreign exchange was negative 4.5%. Organic sales grew 6.5%. Net income in 4Q 2013 was $564 M, which included $133 M of after-tax charges resulting from the implementation of the previously disclosed four-year Global Growth and Efficiency Program (the ‘2012 Restructuring Program’), a charge associated with an existing European competition law matter and costs associated with the sale of land in Mexico. Operating profit decreased 5% to $892 M in 4Q 2013 compared to $942 M a year earlier. For full year (FY) 2013, worldwide net sales were $17.42 bn, up 2.0% versus FY 2012. Global unit volume grew 5.0%, with pricing +1.0% and foreign exchange -4.0%. Organic sales grew 6.0%. Net income for 2013 was $2241 M compared to $2472 M in 2012. FY 2013 results include $424 M of aftertax charges. In North America, ColgatePalmolive reported a 2.5% year-onyear increase in net sales in 4Q 2013. Unit volume increased 4.0% with 1.0% lower pricing and 0.5% negative foreign exchange. Organic sales increased 3.0% during the quarter. Operating profit in North America increased 5% in 4Q 2013 to $241 M. In the USA, new product launches contributing to volume growth included Colgate mouthwashes, Palmolive Soft Touch and Palmolive Lotus Blossom & Lavender dish liquids and Suavitel fabric conditioner. The company reported a 1.0% increase in Latin American net sales in 4Q 2013. Unit volume increased 10% with 2.5% higher pricing and -11.5% foreign exchange. Volume gains were led by Venezuela, Brazil, Mexico and Colombia. Organic sales for Latin America increased 12.5% during the APRIL 2014
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S U R FA C TA N T S
quarter. Operating profit in Latin America increased 3% in 4Q 2013 to $363 M. Colgate’s strong leadership in oral care throughout Latin America continued during the quarter with toothpaste market share gains. Colgate-Palmolive reported a 0.5% decrease in net sales in Europe/South Pacific in 4Q 2013. Unit volume increased 2.5% with 4.5% lower pricing and 1.5% positive foreign exchange. Excluding divested businesses, unit volume increased 3.0%. Volume gains in the UK, Australia and Poland more than offset volume declines in France and Germany. Organic sales for Europe/South Pacific decreased 1.5%. Regional operating profit increased 7% in 4Q 2013 to $200 M. In Asia, the company reported an increase of 4.5% in net sales during 4Q 2013. Unit volume increased 10.5% with pricing -1.5% and foreign exchange -4.5%. Volume gains were led by the Greater China region, India and the Philippines. Organic sales for Asia increased 9.0%. Asian operating profit increased 14% in 4Q 2013 to $165 M. Colgate-Palmolive posted a 0.5% increase in net sales in Africa/Eurasia during 4Q 2013. Unit volume increased 6.0% with 1.0% higher pricing and 6.5% negative foreign exchange. Volume gains were led by Russia, the Sub-Saharan Africa region, Turkey and the Central Asia/Caucasus region. Organic sales for Africa/Eurasia increased 7.0%. Regional operating profit increased 9% in 4Q 2013 to $76 M. Original Source: Colgate, website: http://www.colgate.co.uk/ (30 Jan 2014) © Colgate Palmolive 2014
Novozymes Household Care business grows 9% in 2013 Novozymes’ sales to the household care industry grew by 9% in 2013 and now represent 36% of the company’s turnover. The Household Care business has generally performed very well in recent years, and from 2008 to 2013 the business has grown around 10%/y. Today Novozymes has >60% of the global market share for laundry detergent enzymes and approximately 300 customers worldwide. Novozymes came up with the first enzymatic laundry soap bar for the Latin American market in mid-2013, helping
consumers save on soap, water and time. In Japan, the company helped a key customer deliver an alternative: a super-compact powder detergent that also uses fewer surfactants. Original Source: Novozymes, website: http://www.novozymes.com) (21 Jan 2014) © Novozymes 2014
COMPANY NEWS Henkel sees few opportunities for acquisition soon Henkel’s boss is damping expectations of a rapid acquisition. Kaspar Rorsted says that at the moment there is little on the market. With interest rates low, almost no-one wants to swap a company for cash. There will be more opportunities in the next three years. Rorsted did not want to commit himself to a business field. In adhesives the company is two-and-a-half times larger than the number two. But the business in detergents and cleaners is just as attractive. It does not fluctuate as much as the industrial economy. Henkel has, however, recently completed the acquisition of a beauty care plant near Moscow in Russia from Wellchem Holding GmbH of Austria. With this transaction Henkel Beauty Care intends to support business growth in Eastern Europe, which is one of the biggest and most important markets for Henkel. Wellchem is reported to have sales in the range Roubles 860 M to Roubles 2 bn (€19-44 M). Original Source: Chemie Aktuell, 2 Jan 2014, (Website: http://www.maerkte-weltweit.de) (in German) © MBM Martin Brueckner Medien GmbH 2014. Original Source: Henkel AG & Co KgaA, website: http://www.henkel.com (13 Dec 2013) © Henkel AG & Co KGaA 2013
Aqdot raised $1.6 M Aqdot has collected $1.6 M to fund its development of encapsulation technology for applications including personal care products, detergents and pesticides. The UK company said that it is discussing partnerships with several interested companies. Aqdot is a spin-off company from the University of Cambridge. Original Source: Chemical and Engineering News, 16 Dec 2013, 91 (50), 13 (Website: http://www.cenonline.org) © American Chemical Society 2013
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