Unilever reports strong group turnover

- Last updated on GMT

Related tags: Consumer products group, United states dollar, Unilever

Unilever, the Anglo-Dutch food and consumer products group, said on
Friday that its five-year Path to Growth plan to improve sales and
margins was on...

Unilever, the Anglo-Dutch food and consumer products group, said on Friday that its five-year Path to Growth plan to improve sales and margins was on track as it reported a 20 per cent increase in group turnover for the year. Group turnover rose from E10.59bn to E12.74bn ($11.52bn), in constant currency terms and sales growth of Unilever's 400 leading brands increased by 4.3 per cent. The pre-tax line was E628m compared with E1.016bn last time as the impact of acquisition interest charges and associated costs related to the Bestfoods deal kicked in. Exceptional charges for the quarter were E156m, while net interest rose sharply to E440m, up E405m from the previous year. After the charges and on current exchange rates, earnings per share were down 63 per cent to 3.51 cents per plc share or E0.23 per NV share. Unilever​ is currently the second largest food business in the world, behind Switzerland's Nestle, which on Thursday reported a 4.5 per cent sales rise in the first quarter and real internal growth rates of 4.6 per cent. Unilever shares were 9-1/2p higher at 518p in early London trading. Sources: Financial Times​ and Unilever

Related topics: Market Trends

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