Food and consumer goods giant Unilever has booked a 13% increase in first-half profits, driven by margin improvements.

The company said today (25 July) net profit rose to EUR2.68bn from EUR2.37bn in the first half of 2012. Operating profit was up 14% at EUR3.92bn. Gains were driven by improved margins, with a 140 basis point improvement in gross margins and a 40 basis point improvement in core operating margins.

Underlying sales rose 5%, with 10.3% growth in emerging markets. However, total sales were up just 0.4% to EUR25.5bn, dragged down by currency headwinds and disposals, including the Skippy peanut butter brand. Unilever’s household and personal care businesses led revenue gains, with food sales up just 0.2% and sales from refreshments, which includes ice cream and tea, up 2.1% in the period.

Click here for coverage of Unilever’s conference call with analysts.

Read a round-up of how City analysts viewed the numbers.

Click here to view the full financial filing.

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.