Unilever Q3 Turnover Climbs Over 9%

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The FINANCIAL — Consumer goods giant Unilever Plc.on October 15 said its third-quarter turnover increased 9.4 percent to 13.4 billion euros from 12.24 billion euros, including a positive currency impact of 2.9 percent, according to Nasdaq.

Underlying sales growth was 5.7 percent, with volume up 4.1 percent and price up 1.5 percent. In Emerging markets, underlying sales growth was 8.4 percent with volume growth of 4.8 percent and price increase of 3.5 percent.

The company noted that consumer demand remained fragile and volume growth was barely positive in its markets. Many emerging markets continued to be weak with currency devaluation pushing up the cost of living and squeezing disposable incomes.

Paul Polman, CEO, said, “The strong delivery in the third quarter shows that our focus to build our company for the long term is paying off. Growth was however helped by some specific factors such as a soft comparator in China, strong ice cream sales and some advanced sales in Latin America.”

The company announced a third-quarter interim dividend of 0.3020 euros per Unilever N.V. ordinary share, and 0.2259 pounds per Unilever PLC ordinary share.

 

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