Performance of GlaxoSmithKline’s Consumer Healthcare Segment
GlaxoSmithKline’s (GSK) Consumer Healthcare segment has improved its supply chain over the last few years while adding new products to the portfolio. The segment’s revenues were nearly flat at 1.9 billion pounds in 2Q17 compared to 2Q16.
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The above chart shows revenues for the Consumer Healthcare segment over the last few quarters. Pain relief drugs and oral health products were the growth drivers for this segment, while allergy products impacted growth.
New products added to the Consumer Healthcare segment in the last three years reported a rise in revenues in 2Q17, contributing more than 12.0% of total revenues for the segment. New products launched in 2Q17 include Flonase OTC (over the counter), Pronamel Strong & Bright, and Sensodyne Rapid.
The US markets reported an 8.0% fall in revenues at constant exchange rates to 430.0 million pounds in 2Q17 compared to 2Q16, driven by weaker sales of allergy products.
The European markets reported a 7.0% rise in revenues at constant exchange rates to 579.0 million pounds in 2Q17 compared to 2Q16, driven by an increase in sales of Sensodyne oral health products and Voltaren, a pain relief product.
International revenues reported nearly flat revenues to 843.0 million pounds in 2Q17 compared to 2Q16 due to weak sales in major categories.