The Canadian Press - ONLINE EDITION

Unilever: underlying sales up 6.6 per cent in first quarter; reported sales fall on euro

  • Print

AMSTERDAM - Unilever PLC, the maker of consumer products such as Dove soaps and Ben & Jerry's ice cream, said Thursday that the stronger euro dented its revenues in the first quarter of the year.

In a trading update, the company said sales fell 6.3 per cent to 11.4 billion euros ($15.8 billion). That included a negative 8.9 per cent currency impact as around two-thirds of the company's sales come from outside the eurozone.

After currency effects and sales are stripped out, Unilever reported underlying growth of 3.6 per cent despite a decline in North America. It noted modest improvements in Europe and a big 6.6 per cent rise in emerging markets.

Chief Executive Paul Polman gave a fairly upbeat appraisal of global economic prospects.

"Emerging markets are currently passing through a period of slower demand and economic volatility," he said, adding that the company was continuing to invest heavily in them for future growth.

And though Europe remains "sluggish," he said sales of Unilever's name brand products did particularly well in Britain and Germany and that "a return to growth in Greece and Spain underlines the improving conditions in southern Europe."

Unilever's personal care products such as Vaseline, Dove soaps, Axe deodorants and TRESemm� shampoo continue to be its best-performing business, while its foods arm, with Knorr soups and sauces and Hellmann's mayonnaise, lagged.

Shares declined 0.7 per cent to 30.48 euros in early Amsterdam trading.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Winnipeg Cheapskate: Cheap summer weekends

View more like this

Photo Store Gallery

  • A Canada Goose cools off in a water pond Monday afternoon at Brookside Cemetary- See Bryksa’s Goose a day Challenge– Day 27-June 25, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)
  • A young goose gobbles up grass at Fort Whyte Alive Monday morning- Young goslings are starting to show the markings of a adult geese-See Bryksa 30 day goose challenge- Day 20– June 11, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)

View More Gallery Photos

Poll

What's your take on a report that shows violent crime is decreasing in Winnipeg?

View Results

View Related Story

Ads by Google