Colgate-Palmolive has recorded a six per cent growth in net sales and a 4.5 per cent growth in organic sales in its full-year 2021 results.
In the Asia Pacific region, which includes Australia, and accounts for 16 per cent of total company sales, net sales grew by 0.5 per cent while organic sales saw growth of 1.5 per cent.
Noel Wallace, Chairman, President and CEO of Colgate-Palmolive, said they are pleased to finish 2021 with strong growth momentum.
“As we begin 2022, our number one priority remains keeping Colgate people safe and healthy. There is still much uncertainty stemming from the COVID-19 pandemic, supply chain disruptions, increases in raw material and logistics costs and volatility in consumer demand and currencies.
“With costs expected to remain elevated in 2022, our funding the growth and revenue growth management initiatives, including higher pricing, will be more important than ever.
“We are encouraged that our investments in innovation, advertising and digital transformation are paying off and feel confident that we are well positioned to continue to deliver sustainable, profitable growth in 2022 and beyond.”
In the report, the company expects net sales growth over 2022 to be in the one to four per cent range and organic sales growth to within its long-term targeted range of three to five per cent.