Colgate-Palmolive reports satisfaction with second-quarter growth

Colgate-Palmolive has announced its financial results for the second quarter of 2014, during which it achieved worldwide net sales of $4.35 billion (2.58 billion pounds).

This total was roughly even with Q2 2013 due to the impact of negative foreign exchange trends. Organic growth was achieved across all divisions, with global unit volume rising 2.5 percent and pricing increasing by 1.5 percent.

Its overall organic sales growth rate was four percent, led by a 6.5 percent improvement in emerging market territories, while the launch of important new products helped to fuel further progress.

Meanwhile, Colgate's leading global market shares in toothpaste and manual toothbrushes remained strong at 44.4 percent and 33.5 percent, with its mouthwash market share rising to a record high of 17.2 percent.

Ian Cook, chairman, president and chief executive officer at Colgate-Palmolive, said: "Our 2012 Restructuring Programme is on track and proceeding smoothly. We also continue to be sharply focused on our aggressive funding-the-growth programs and our strategic worldwide pricing initiatives."

This comes after the firm achieved a net sales total of $17.41 billion in 2013, which represented a two percent increase on the previous year.