Anglo-Dutch food and consumer products giant Unilever has reported a 13% rise in 2002 net profit.

The group reported net profit before exceptional items and amortisation of goodwill and intangibles (BEIA) for 2002 of €4.0bn (US$4.3bn), compared with analysts’ forecasts of €3.9-4.3bn.

The company also said it was sticking to its “Path to Growth” programme targets for 2003 and that it was confident the company would reach the five-year programme’s goals by the time the programme comes to an end in December 2004, reported Reuters.

Unilever chairman Niall FitzGerald said the group was on track to meet targets of sales growth of 5-6% from its top 400 brands, low double-digit earnings growth and operating margins above 16% by 2004.

The group said underlying 2002 earnings per share grew 21% at constant exchange rates, and sales of its top 400 brands climbed 5.4%, while the underlying 2002 operating margin rose to 14.9% from 13.9% in 2001.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Sales of its top brands, which include Dove Soap, Magnum ice cream and Skippy peanut butter, grew 5.4%, compared to growth of 5.3% in 2001 and 3.8% in 2000.