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Home Industry News Procter and Gamble affirms commitment to growth and shareholder value

Procter and Gamble affirms commitment to growth and shareholder value

9th October 2013

Procter and Gamble has highlighted its plans to deliver consumer and shareholder value during an address to shareholders at the company's latest annual meeting.

At the event in Cincinnati earlier this week, the firm's chairman, president and chief executive officer AG Lafley noted that Procter and Gamble was able to meet or exceed its key financial commitments – including organic sales growth, core earnings per share and free cash flow productivity – in the last year.

During this time, it returned $12.5 billion (7.84 billion pounds) in cash to shareowners, but the organisation is seeking to improve on this performance in the coming months.

It will do so through the pursuit of four key objectives – prioritising value creation, investing in innovation and go-to-market capabilities, making further productivity savings and improving operating discipline and execution.

According to Mr Lafley, the ultimate aim of this is to ensure the company returns to "balanced, consistent, reliable and sustainable growth and value creation for consumers, customers and … shareowners".

This comes after Procter and Gamble restructured its global business into four industry-based divisions earlier this year as part of its ambitious growth plans.ADNFCR-8000103-ID-801647766-ADNFCR

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