Procter and Gamble ‘pleased with first quarter result’

Procter and Gamble has expressed satisfaction with its first quarter performance after seeing improved sales volumes across a number of its sectors, including oral care.

The group’s overall rate of organic volume growth compared to the first quarter of last year was seven per cent, its fastest rate in 18 quarters, which was attributed to the strength of Procter and Gamble’s innovation and marketing.

Its dental product offerings were among the sectors to see an improved performance, with international launches of toothpastes such as Crest 3D and Oral-B having been executed in the last three months.

Bob McDonald, president, chief executive officer and chairman of the board at Procter and Gamble, said he was “very pleased” with the success of the company’s initiatives.

He added: “Our overarching growth strategy – to touch and improve more consumers’ lives, in more parts of the world, more completely – is working.”

Last month, the firm announced the retirement of Dr Ralph Snyderman and Charles Lee from its board of directors after both men reached their 70th birthdays.