UK/NETHERLANDS: Unilever sees strong start to year with Q1 sales increase
Unilever, one of the largest consumer products companies in the world, has reported strong margin expansion and an increase in sales momentum throughout its first quarter, which it says underpins confidence in the achievement of full year targets. Earnings per share grew by 100% as sales of the leading brands accelerated through the quarter giving 3% growth, and 4.6% for the last year. Meanwhile operating margin, driven by gross margin improvement, moved ahead strongly by 250 basis points to 14.9%. Operating profit, before exceptional items and amortisation of goodwill and intangibles (of €344m), increased by 18% to €1.825bn (US$1.638bn).
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Does Kraft Heinz want to swallow Unilever whole?
- Focus: Nestle CEO plan to balance sales, earnings
- Will Kellogg's DSD exit help it grow in US snacks?
- Comment: Meal kits in US - don't believe the hype
- Is Mondelez's margin target hurting sales?
- Nestle plans restructuring as 2016 profit misses
- Kraft Heinz pursuing Unilever in takeover move
- Kraft Heinz returns to organic growth, ups margins
- Danone eyes efficiency, agility with new structure
- General Mills issues profit warning