(CercleFinance.com) – Colgate-Palmolive announced on Friday a profit and turnover above expectations for the first quarter and at the same time raised its growth objectives for 2024.
The American toothpaste giant reported turnover up 6.2% to nearly $5.1 billion, including organic growth of 9.8%, compared to a consensus of $4.6 billion. .
Its growth was mainly supported by the increase in its activity in Latin America (+25.9%) and Africa/Eurasia (+16.2%).
Its earnings per share came to $0.83 per share while analysts on average expected earnings per share of $0.46.
The New York group, which owns the Colgate, Palmolive, Elmex, Ajax, Soupline and Hill’s brands, now says it is targeting organic growth of 5% to 7% for the entire financial year, compared to a previous forecast of 3%. % at 5%.
The title was expected to rise 1% on Friday on Wall Street in the wake of these figures.
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