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Unilever underlying sales grew 3.2 percent

Staff Writer |
Unilever underlying sales grew 3.2% in the third quarter against a strong comparator last year and a deterioration of trading conditions in a number of countries.

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Underlying sales growth in emerging markets was 5.6% while in developed markets it was flat. Due to a negative currency impact in the quarter of (3.4)% turnover was virtually stable at €13.4 billion.

Personal Care continued to grow the core of our brands through innovations, while extending into more premium segments.

The slower growth in the third quarter reflects intense competition in many of our markets as well as the effect of a strong comparator last year.

Foods sustained its return to growth with good performances in savoury, led by cooking products in emerging markets, and dressings, driven by the squeezy packs with proprietary easy-out technology and organic variants.

Growth in Home Care was driven by innovations in the higher margin segments and the successful roll-out of Omo with enhanced formulation and improved cleaning technology which has reached 27 countries.

We launched the new Surf handwash powder with water-saving technology in South Africa.

Ice cream had another strong season, helped as last year by good European weather and strong innovations behind our premium brands.

These included the new Magnum Double range, the Ben & Jerry’s ‘Wich sandwich and dairy free range, as well as new variants of Talenti, the premium gelato brand which has grown 60% since acquisition two years ago.

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