Higher prices increased sales at Unilever

Brittany BishopApr 23, 2017

Underlying sales of Home Care and Personal Care increased 3.4 percent. Growth was broad-based, with each of its main product divisions expanding. In the United States and Canada, the portfolio includes brand icons such as: Axe, Becel, Ben & Jerry's, Breyers, Caress, Country Crock, Degree, Dollar Shave Club, Dove, Good Humor, Hellmann's, I Can't Believe It's Not Butter!, Klondike, Knorr, Lipton, Magnum, Nexxus, Noxzema, Pond's, Popsicle, Q-tips, Seventh Generation, Simple, St. Ives, Suave, Talenti Gelato & Sorbetto, TIGI, TRESemmé and Vaseline.

Nestle, known for its KitKat chocolate bars, Purina pet food and Nescafe coffee, reported total sales of 21bn Swiss francs (£16.44bn), growth of less than 1% from the first quarter of 2016.

Geographically speaking, Unilever endured declining volumes in the US and Europe thanks to weak demand and competitive challenges.

Unilever said its quarterly interim dividend for United Kingdom shares will be 30.21p per share, a rise of 12% year-on-year.

"The first quarter shows growth once more ahead of our markets", CEO Paul Polman said.

"This reflects our continued investment in both innovations and brand support, and reconfirms the strength of our long term sustainable compounding growth model".

Image source: Unilever investor presentation.

That helped to offset a tough European market where "consumer demand remained weak and the retail environment challenging". The company is investing in diversifying away from these markets, but there are still opportunities to expand its coverage. The gains outpaced growth in many markets, but were not uniform. That compares to analysts' estimates of 2pc, according to a consensus compiled by the company, and growth of 2.2pc in the fourth quarter and 3.2pc in the third quarter.

Unilever also predicted improving profit margins for the rest of the year. That includes a 0.8-percentage-point improvement in fiscal 2017 alone.

Unilever is committed to supporting a transforming food industry by producing food that tastes good, does good and doesn't cost the Earth. The company expects the transaction to close in the next few weeks.

Turnover from Unilever's food business, which takes in brands including Colman's mustard and Becel margarine, stood at EUR3.2bn, which equated to underlying sales that were flat year-on-year.

Related Articles:

« Previous article
Next article »

Popular Pages

Oil Ministry red-flags Sunday holiday for petrol pumps
He said all the outlets will have one staffer on Sundays who will supply fuel in an emergency. "That struggle is going on. It added that major dealers' federations have clarified that they don't endorse any closure of petrol pumps on any day.

Trump eyes changes to Obama's tax and Wall Street rules
Secretary of the Treasury Steven Mnuchin will have 180 days to report to Trump on his findings regarding the liquidation authority.

Canada introduces legislation to legalize marijuana
The rules unveiled Thursday allow adults to possess up to 30 grams of marijuana and grow up to four plants in a particular home. Goodale said Canadian tourists "should never lie" to border guards and suggested he had raised the issue with US officials.

BJP, AAP, Congress leaders step up campaign for MCD polls
Congress had fielded some of its top leaders including Jairam Ramesh, Salman Khurshid and Shashi Tharoor for campaigning. The poll watchdog has said they will be using the Generation-1 electronic voting machines (EVMs), which are "foolproof".

Judge orders Auburn to let white nationalist Spencer speak
All three were arrested outside the event and charged with disorderly conduct, Capt. Following the talk, Spencer took to Twitter to exclaim, "Amazing victory tonight!"

Oil Output Cuts between Saudi Wish and Russian Hopes
Worldwide benchmark Brent crude futures were up 33 cents by 0900 GMT at $56.56 a barrel, their highest since early March. West Texas Intermediate crude futures settled up 7 cents at $53.18 a barrel.

Trump to attend three Asian summits in November: Pence
One of the ASEAN meetings, the East Asia Summit, is scheduled for November 13-14, while the APEC summit is set for November 11-12. For his part, Duterte, however, said he was not sure whether Trump would visit the Philippines.

Facebook out to read minds
In a bid to placate privacy concerns, Dugan said that the technology was not interested in decoding a person's random thoughts. This is about decoding the words you've already made a decision to share by sending them to the speech center of your brain.

Local businesses celebrating Record Store Day on Saturday
Brown from Maine-based Bull Moose music hatched the idea for Record Store Day , the annual event to celebrate local record stores. Tempest will give an exclusive preview of a special track she recorded straight to vinyl at Abbey Road Studios to celebrate RSD.

FDA further restricts pain medication use in kids
Conclusively, parents should actively check for any warning labels on medication that they plan to give to their children. Those infants can become too sleepy, have difficulty breastfeeding, or have serious breathing problems.