The US consumer goods group Procter & Gamble is already confident about the current financial year after the first few months.
“We delivered very strong results in the first quarter and are therefore on track to achieve the upper end of our forecast range,” said CEO Jon Moeller, according to the statement. In the three months to the end of September, the company increased its revenue from its own resources – i.e. without exchange rate effects and purchases – by seven percent to almost 21.9 billion US dollars (20.7 billion euros), as reported on Wednesday in Cincinnati (US -State of Ohio). Procter & Gamble is for brands like ArielPampers and Oral B known.
Earnings per share (EPS) climbed around 17 percent to $1.83. The group’s results exceeded analysts’ estimates. For the current financial year, Procter & Gamble actually stuck to its previous goals. The managers are aiming for an organic sales increase of four to five percent. In the last financial year just ended, group revenue was $82 billion. Earnings per share are expected to be between $6.25 and $6.43, compared to $5.90 the year before.
In NYSE trading, Procter & Gamble shares temporarily rose by 2.61 percent to $150.08.
CINCINNATI (dpa-AFX)
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