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Unilever underlying sales growth 4.7 percent

Staff writer |
Unilever reported growth in underlying sales and volume, though its top line declined in its first quarter update.

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Underlying sales growth was 4.7%, with emerging markets up 8.3%, while underlying volume grew 2.6% and pricing advanced 2%.

Unilever's turnover declined 2%, however, to €12.5bn (£9.96bn), which included a negative currency impact of -7.1%.

Turnover in personal care totalled €4.8bn, foods were €3.1bn, home care turnover was €2.4bn, and refreshment was €2.2bn.

The group's board declared a quarterly dividend of €0.3201 per share, an increase of 6%.

"The first quarter demonstrates a strong volume-driven performance, following on from a good delivery in 2015," said Unilever chief executive officer Paul Polman.

"We are maintaining momentum despite a tougher external environment, with all four categories gaining market share. This broad-based growth, including over 8% in emerging markets, shows the validity of our strategy, portfolio management and a step-up in innovation."

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