Last week, Colgate-Palmolive achieved net sales of 3.59 billion euros ($ 4.26 billion) for the second quarter (Q2) of 2021, up 9.5% from the previous week. previous year – the largest increase in the company’s net sales in nearly ten years. Net income attributable to Colgate-Palmolive for the quarter was 593.8 million euros ($ 708 million) and for the first half (H1) 2021, net sales reached 7.26 billion euros. euros (8.6 billion dollars), an increase of 7.6% compared to the previous year.

Regionally, Europe and Africa / Eurasia performed best with net sales up 15% and 15.5%, respectively. In Europe, strong organic sales growth was led by UK, Germany, Poland and the Nordic region and in Africa / Eurasia by Turkey, Nigeria and Russia.

In Latin America – the company’s largest trading region with North America – net sales increased 12.5%, with strong performances in Brazil and Mexico, and in Asia-Pacific, net sales increased increased by 7.5%. Net sales declined 4% in North America, primarily due to lower organic sales in personal and home care.

“Strong growth” despite persistent volatility

Noel Wallace, President, President and CEO of Colgate-Palmolive, said the company “Strong growth momentum”Had clearly continued into the second trimester, despite “Significant volatility”.

“Despite significant headwinds on raw material and logistics costs, we recorded another quarter of increased operating profit, net profit and earnings per share on a core business basis . ” Wallace said.

And he said the “Difficult cost environment”Was scheduled to continue in the second half of 2021, with other challenges.

“As we look around the world, there are still a lot of uncertainties related to the COVID-19 pandemic, including volatility in consumer and currency demand and supply chain disruptions. In the face of these challenges, Colgate people around the world remain committed to achieving our business goals by driving high-end innovation, executing with agility and leveraging digital in all areas of our business.

John Faucher, director of investor relations, agreed. Speaking to analysts on the company’s earnings call, Faucher said: “We expect all of these factors to continue to impact our business in the second half of this year. For this reason, we remain focused on impactful innovation, leveraging our revenue growth management capabilities to meet prices and increase productivity in the income statement.

Colgate-Palmolive said it has maintained its guidance for the year 2021, with net sales still expected to increase by 4-7%. “I am convinced that our investment choices and our growth strategies will help us get through this difficult period”,Wallace said.