1. Procter and Gamble
Financial analysis
Ine Lanssens
2AF01

2. Ine Lanssens 2AF01
Table of contents
• Introduction
• Stock exchange
• Quarterly earings
• October – December expectations
• 2012 expectations
• Conclusion

3. Introduction
• Largest provider of household products
• Sustainability plan
• Products:
▫ Always
▫ Ariel
▫ Gillette
▫ Head and Shoulders
▫ …
Ine Lanssens
2AF01

4. Stock exchange
PG (NYSE)
Nov 11 2011 4:00PM
Last 63.89
Change +0.65 (1.04%)
Volume 5,731,020
Ine Lanssens
2AF01

5. Quarterly earings 27/10/2011
27/10/2010 27/10/2011
Net Sales + 2% + 9%
Organic Sales + 4% + 4%
Diluted net earnings per +5 % +1 %
share
Ine Lanssens
2AF01

6. Quarterly earnings 27/10/2011
• Stong first quarter
• Could have been better
2010 2011
25
Net sales 20,122 21,917
20
organic sales 10,433 10,856
15 2010
2011
10
5
0
Net sales organic sales
Ine Lanssens
2AF01

7. October-December expectations
• Net sales: 3% - 5%
• Organic sales: 3% – 5%
• Share prices: 1,11 euro
Ine Lanssens
2AF01

8. 2012 expectations
• Net and organic sales: 3% - 6%
• Net earnings per share: 10%
net earnings
4.35
4.3
4.25
4.2
net earnings
4.15
4.1
4.05
2011 2012
Ine Lanssens
2AF01

9. Conclusion
• Good, but could have been better
• No dramatic change in consumers behavior
• Very likely to get better