Colgate People, Colgate Spirit : Values Driving Global Success
- Topics:
- Investor Relations
- Source:
- Colgate-Palmolive Company
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Overview: Colgate people and Colgate spirit drive our global success because Colgate’s three global values provide a strong framework for our business success every day, everywhere. Colgate people around the world incorporate these values into their everyday lives. The 2002 Annual Report share some examples the values in action: It states that the business success is built on a foundation of caring for consumers, Colgate people and the community. Colgate people find solutions together and speed successful ideas across borders. Colgate people make improvements every day, everywhere, in every aspect of our business. Colgate-Palmolive is a $9.3 billion global company serving people in more than 200 countries and territories with consumer products that make lives healthier and more enjoyable. The Company focuses on strong global brands in its core businesses—Oral Care, Personal Care, Household Surface Care, Fabric Care and Pet Nutrition. Gross profit margin improved by 120 basis points to 54.6% compared with 2001. Net income rose 12% in 2002 to a record $1,288.3 million, and earnings per share grew 16% to $2.19 vs. $1.89 for full year 2001. A constant stream of innovative new products continues to build market share in core categories and fuel our growth. In 2002, 40% of Colgate’s sales came from new products introduced in the past years. The Worldwide net sales increased 2.5% to $9,294.3 in 2002 on volume growth of 4.5%. Net sales would have grown 5.0% excluding foreign currency translation. Net sales in the Oral, Personal, Household Surface and Fabric Care segment increased 2.0%, excluding divestitures, on 4.5% volume growth; while net sales in Pet Nutrition increased by 7.0% on 5.5% volume growth. In 2001, worldwide net sales, excluding divestitures, increased 2.0% to $9,084.3 on volume growth of 5.0%, reflecting the negative impact of foreign currency translation.
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Format: PDF | Size: 1,996KB | Date: Jan 2003 | Pages: 48
