Unilever reports “better-than-expected” growth in fourth quarter results

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Unilever

Unilever has seen a 4.2% sales rise and a step-up in emerging markets.

Unilever, maker Marmite and Ben & Jerry’s, is reporting that it’s experienced an increase in growth during its fourth quarter 2017 financial results.

The London-based group has reported “better-than-expected” growth, aided by a 4.2% sales rise and a step-up in emerging markets as its restructuring program continues to yield results.

The firm’s full-year net profit increased by 16.9% to €6.5 billion and turnover was up by 1.9% to €53.7 billion.

Commenting on the results, Unilever CEO Paul Polman, said: “We have delivered a good all-around performance with competitive growth, including an innovation-led improvement in volumes in the fourth quarter, and substantially increased margin, earnings and cash flow.

“This puts us well on track to deliver towards the strategic objectives set out for 2020 and demonstrates the progress we have made in transforming Unilever into a more resilient and agile business.

“2017 has once more been a year of major change for Unilever with the acceleration of the Connected 4 Growth programme, that we announced in 2016. With the implementation of a more agile, consumer-facing organisation, we are seeing quality and speed of innovation further improve.

“Our priorities for 2018 are to grow volumes ahead of our markets, maintain strong delivery from our savings programmes and complete the integration of foods and refreshment, as well as the exit from spreads. We expect this will translate into another year of underlying sales growth in the 3% – 5% range, and an improvement in underlying operating margin and cash flow, that keeps us on track for the 2020 targets.”

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