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Unilever Q1 turnover increased by 6.1%

Staff Writer |
Unilever said it is on track for its underlying sales growth target in 2017, after reporting an increase in turnover for the first quarter.

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Unilever said its first quarter turnover increased by 6.1% year-on-year to EUR13.30 billion, including a positive currency gain of 2.4%.

Unilever said it generated underlying sales growth of 2.9%, driven by a 3.0% price rise, more than offsetting a 0.1% fall in volume.

The company noted this was ahead of the wider market, where growth was around 2%, with negative volumes.

Underlying sales growth was more pronounced in emerging markets, where Unilever generated 6.1% growth, comprising a 5.3% price increase and 0.8% increase in volume.

Unilever said its quarterly interim dividend for UK shares will be 30.21 pence per share, up 12% year-on-year.

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