FDBusiness.com

Unilever Reports Strong First Half Growth

 Breaking News
  • Vion Names New CEO Vion, the international meat group, has appointed Ronald Lotgerink as its new CEO with effect from 1 September. Ronald Lotgerink is currently the CEO of Zwanenberg Food Group, a leading European producer and exporter of meat products, canned meat, snacks, soups and sauces. Ronald Lotgerink started his career at KPMG. In 1989 he joined Zwanenberg Food [...]...
  • Harrogate Water Reports Record Sales Harrogate Water has announced another year of record sales with growth of 24 per cent – almost four times higher than market growth for bottled water. The company has seen increased sales in the high-volume supermarket sector, continued strong growth in export and travel markets and greater demand for premium glass products in both grocery [...]...
  • Alcohol Worth £16 Billion is UK’s Leading FMCG Category Innovation in the drinks sector and a reduction in the amount of trade promotions has seen Alcohol retain its place as the top selling FMCG category in the UK, worth £16.1 billion (€18.2 billion) in value sales to the economy. This is according to big data and technology expert for consumer industries, IRI’s Top Categories Special Report – an analysis [...]...
  • Irish Grocery Market Fends Off the Beast from the East The latest grocery market share figures from Kantar Worldpanel, published today for the 12 weeks ending 25 March 2018, show that the Irish grocery market brushed off the Beast from the East to post strong sales growth of 3.8%. Douglas Faughnan, consumer insight director at Kantar Worldpanel, comments: “Although shoppers had upped their spend in preparation for [...]...
  • TrayTrack – A Unique Inline Overhead Concept For Optimum Tray Logistics Once trays have been filled with product, poultry processors will often be faced with how to transport them to packaging equipment elsewhere in the plant. This job can be done manually using crates. Alternatively, product can be transported on a complex system of belt conveyors, usually criss-crossing other similar systems. TrayTrack, a unique automated solution [...]...

Unilever Reports Strong First Half Growth

Unilever Reports Strong First Half Growth
August 05
17:07 2011
According to Unilever, its development strategy is delivering results after the group reported strong growth in the first half of 2011. Turnover for the half-year was up 4.1% to Eur22.8b. Underlying sales growth was 7.1% in the second quarter and 5.7% in the first-half. Underlying volume growth was 1.9% in the second quarter and 2.2% in the first-half.

 

Underlying operating margin for the half-year was down 20 bps with the impact of high input cost inflation offset by pricing and savings. Stepped-up continuous improvement programmes generated efficiencies in advertising and promotions, leading to lower indirect costs.

 

Advertising and promotional spend, at around Eur3b, was higher than the second-half of 2010 but was down 150 bps against last year’s exceptionally high figure.

 

Commenting on the group’s strongest growth since the third quarter of 2008, chief executive Paul Polman says: “We are making encouraging progress in the transformation of Unilever to a sustainable growth company. Volumes were robust and in line with the market, despite having taken price increases. This shows the strength of our brands and innovations.” He adds: “More so than ever, in today’s volatile environment, our number one priority is to ensure that our brands are managed for the long-term health of the business.”

 

Unilever’s Home Care and Ice Cream & Beverages delivered underlying sales growth in the first-half of 6.7% and 6.4% respectively. Personal Care followed at 5.5% and Savoury, Dressings & Spreads at 5.0%.

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • April 19, 2018GastroPan Exhibition
  • April 22, 2018Natural & Organic Products 
  • April 24, 2018InterFood Krasnodar
  • April 24, 2018Seafood Processing Global
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements