Unilever Benefits from Price Increases
Consumer goods companies are leaving the pandemic behind – and want to continue increasing prices
The brand manufacturers started the year stronger than expected, mainly due to rising prices. But the war in Ukraine creates new problems.
Beiersdorf and Unilever got off to a surprisingly good start to the year. The Nivea manufacturer grew organically by 10.3 percent in the first three months, the British manufacturer of Dove or Ax increased its sales by 7.3 percent. Both consumer goods manufacturers clearly exceeded analysts’ expectations with the figures presented on Thursday.
Most recently, the Ariel manufacturer Procter & Gamble (P&G) and the perfume producer L’Oréal also reported above-average numbers – as did the fragrance and flavor manufacturer Symrise, which supplies these companies. P&G increased its sales in the past quarter by ten percent, L’Oreal by 13.5 percent and Symrise by 8.3 percent.
The numbers show that the consumer goods industry has overcome its corona low, but at the expense of consumers. In the first few months, the branded companies benefited above all from price increases, which they were able to pass on to retailers and thus to customers.
Unilever Benefits from Price Increases - /10
Beiersdorf and Unilever got off to a surprisingly good start to the year.