UFO Info Week-End

A London-based analyst who asked not to be identified saidthe sale was consistent

A London-based analyst who asked not to be identified saidthe sale was consistent with the de-risking at insurancecompanies generally. Volume gainswere led by Brazil, Venezuela, Colombia and Argentina. Higher pricing added15.5% while foreign exchange was negative 20.5%. Organic sales for Latin Americagrew 17.0% during the quarter. Latin American operating profit increased 9%during the quarter due to higher pricing and lower advertising costs, partiallyoffset by negative foreign exchange and higher raw and packaging material costs.Colgate continues to build its strong leadership in oral care throughout LatinAmerica with its regional toothpaste market share at a record high year to date,driven by market share gains in nearly every country. Strong sales ofpremium-priced offerings such as Colgate Total Professional Clean, Colgate TotalProfessional Sensitive and Colgate Max Fresh Night toothpastes drove share gainsthroughout the region.

In Brazil, for example, Colgate`s toothpaste market sharereached 69.9% year to date, up 100 basis points versus year ago. Colgate`sleading share of the manual toothbrush market for the region is at a record highyear to date at 40.9%, up 250 basis points versus year ago. Strong sales ofColgate 360° Deep Clean and Colgate Max Fresh manual toothbrushes throughout theregion contributed to this success. In other product categories, Colgate Plax Whitening and Colgate Plax Icemouthwashes, Palmolive bar soap and shower gel with ingredients from the Amazon,Protex Aloe bar soap, Lady Speed Stick Aloe Defense multi-form deodorants,Palmolive Caprice shampoo and Suavitel Magic Moments, a fabric conditioner witha touch-release fragrance that lasts for months after washing, contributed tomarket share gains in the region. Europe/South Pacific (21% of Company Sales)As reported, Europe/South Pacific sales and unit volume declined 20.0% and 4.0%,respectively.

Excluding divested businesses, sales and unit volume declined19.5% and 3.5%, respectively. Pricing increased 1.5% and foreign exchange wasnegative 17.5% Organic sales for Europe/South Pacific declined 2.0%. Volumegains in Australia, Romania, Czech Republic and Greece were more than offset byvolume declines in France, Italy, Iberia, the United Kingdom and the GABAbusiness. Operating profit for the region declined 26% during the quarter,reflecting negative foreign exchange and higher raw and packaging material costspartially offset by lower advertising costs.