logo
Share SHARE
FONT-SIZE Plus   Neg

Unilever Q1 Revenues Climb On Emerging Markets' Strength - Quick Facts

Anglo-Dutch consumer products maker Unilever (UN,UL, ULVR.L) on Thursday reported that its first-quarter turnover increased 11.9 percent from last year with growth in all categories and regions, despite sluggish economies, weak consumer confidence in many markets and sustained levels of competitive intensity.

Turnover grew to 12.14 billion euros from last year's 10.86 billion euros. The company noted that acquisitions net of disposals contributed 2.7 percent to turnover.

Underlying sales growth, excluding acquisitions, was 8.4 percent as all categories contributing to growth, with emerging markets, now 56 percent of the business, up 11.9 percent and developed markets up 4.2 percent.

Underlying volume growth was 3.5 percent and pricing grew 4.7 percent

In the quarter, personal care revenues climbed 20.9 percent, and foods revenues grew 5.5 percent. The growth was 9.2 percent in home care and 9.3 percent in refreshment segments. All three regions also posted higher revenues in the quarter.

The Boards have declared a quarterly interim dividend of 0.243 euros per share for the quarter, up 8 percent from last year.

Chief Executive Officer Paul Polman said, "The external macro-economic environment remains difficult and higher input cost headwinds persist. Our long term priorities remain unchanged - profitable volume growth ahead of our markets, steady and sustainable core operating margin improvement and strong cash flow."

"For 2012, we remain on track to deliver a modest improvement in full year core operating margin, weighted towards the second half of the year," he added.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
British lender Lloyds Banking Group Plc. Friday reported higher profit in its first half, benefited by increased net interest income and margin as well as lower impairment. Looking ahead, the company lifted its net interest margin forecast. Amgen reported an increase in second-quarter profit, driven by sales of arthritis drug Enbrel and osteoporosis treatments Xgeva and Prolia, and improved margins. Both earnings and sales topped Wall Street estimates. Electronic Arts Inc. (EA) on Thursday reported an increase in profit for the first quarter, reflecting continued strong digital revenues, with both earnings and revenues topping Wall Street estimates. However, shares of the company fell over 4 percent, after having detailed a weak outlook. Redwood...
comments powered by Disqus
RELATED NEWS
Trade UL now with 
Follow RTT