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This statistic highlights Colgate Palmolive’s Revenue by Region from Q1 2016 onwards, split across North America, Latin America, Europe, Asia Pacific, and Africa/Eurasia.
Colgate Palmolive’s Revenue by Region
|Region||Q3 2020||Q2 2021||Q3 2021||Contribution in Q3 2021|
(All figures are in millions, except for percentages.)
The company’s total revenue advances with the passing quarters. The latest quarter, Q3 2021, observed $3,569 million, thereby making a growth of 3.5% as compared to $3,449 million in Q3 2020, on a yearly basis. It also grew by 3% as compared to $3,466 million in Q2 2021, on a quarterly basis.
Colgate Palmolive’s revenue can be divided into the following regions:
North American revenue witnessed an increase from $923 million in Q3 2020 to $931 million in Q3 2021, indicating a slight growth of 1%, on a yearly basis, due to net selling price increases of 0.5% and positive foreign exchange of 0.5%, while volumes remained flat. It also shows an incline of 2% as compared to $912 million in Q2 2021, on a quarter-on-quarter basis. North American revenue comprises 26% of total revenue in Q3 2021.
The increase in organic sales in North America in 2021 was primarily due to an increase in Oral Care organic sales, partially offset by decreases in Personal Care and Home Care organic sales.
The Latin American region’s revenue observed an increase from $837 million in Q3 2020 to $931 million in Q3 2021, marking a growth of 11%, on a yearly basis due to volume growth of 2.5%, net selling price increases of 5.5%, and positive foreign exchange of 3.0%. On a quarterly basis, it increased by 2.6% as compared to $907 million in Q2 2021.
This growth was led by Mexico, Brazil, Colombia, and Argentina. The contribution of Latin America to total revenue for Q3 2021 stood at 26%. Organic sales in Latin America increased 8.0% in Q3 2021.
The European market generated revenue of $718 million in Q3 2021, marking a growth of 1% as compared to $712 million in Q3 2020, on a yearly basis due to positive foreign exchange of 2.0%, partially offset by volume declines of 1.0% while net selling prices were flat. Organic sales in Europe decreased 1.0% in the Q3 2021.
The organic sales fall-offs were mainly driven by the Filorga duty-free business and France, moderately offset by organic sales growth in the United Kingdom and Germany. It also increased from $709 million in Q2 2021 to $718 million in Q3 2021, observing a growth of 1.2% on a quarterly basis. The European region comprises 20% of the total revenue in Q3 2021.
The Asian Pacific revenue amounted to $731 million in Q3 2021, which was an incline of 1% as compared to $722 million in Q3 2020, on a year-on-year basis. It also marked an increment of 8.6% compared to $673 in Q2 2021, on a quarterly basis. The growth was derived due to net selling price increases of 0.5% and positive foreign exchange of 1.5%, partially offset by volume declines of 1.0%. The organic sales downfalls were largely seen in the Greater China region and Australia, partially offset by organic sales growth in India. This region comprises 20% of total revenue in Q3 2021.
Africa/Eurasia revenue amounted to $258 million in Q3 2021, which was an increase of nearly 1% from the previous year quarter; i.e., $255 million. Also, it declined by 2.7% as compared to $265 million in Q2 2021, on a quarterly basis. Organic sales in Africa/Eurasia decreased 1.0% in Q3 2021.
The organic sales declines were largely driven by the North Africa/Middle East region and South Africa, partially offset by organic sales growth in Turkey and the Eurasia region. The Africa/Eurasia region accounted only 7% of the total revenue in Q3 2021.
Colgate was founded in 1806 by William Colgate. It is a U.S.-based multinational household and personal products company, situated in Midtown Manhattan, New York City. The company is focused on two product segments: Oral, Personal and Home Care; and Pet Nutrition. Their products are marketed in over 200 countries, and territories throughout the world, of which 70% of the net sales are generated from markets outside the U.S. The geographic diversity and balance help to reduce exposure to business and other risks in any one country or part of the world. The shares of the company are traded at NYSE, under the ticker CL.
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