Summer rhymes with Earning seasons... or almost. Still, listed FMCG companies have released their 2024 H1 results, providing an interesting snapshot into the pulse of the industry.
However, getting your hands on all your direct competitors and industry system players earning updates can prove itself to be a challenge, and you end up with data latency and lack of foresights as you rely on full results, which are published up to one and a half year later after closing of the book year.
This is why you can leverage Earnings Updates to be on top of the most recent trends and developments in your own market and beyond. So, what are the results of FMCG companies in H1 2024?
Overall sentiment: healthy revenue growth, but average profitability
- 🟢 Revenue growth: Companies reported typical sales growth between 3-6% compared to previous periods, primarily driven by price increases and some volume growth.
- 🟠 Profitability: Operating profit margins remained stable or improved slightly due to gross margin enhancements offset by higher operational costs.
- 🟠 Market dynamics: Persistently high inflation and macroeconomic uncertainty created a challenging environment, but emerging markets showed better performance.
- 🟢 Growth outlook: Projected revenue growth of 3-7% for the remainder of 2024 with anticipated volume improvements.
- 🟠 Profitability outlook: Higher sales and gross profit are expected to drive operational profit growth, although increased SG&A expenses may offset some gains.
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