Unilever 3Q Underlying Sales Rose on Strong Hygiene, Food-at-Home Growth
By Matteo Castia
Unilever PLC said Thursday that third-quarter underlying sales
rose thanks to growth in hand and home hygiene products, as well as
in food consumed at home.
The Anglo-Dutch multisector retailer--which owns consumer brands
such as Ben & Jerry's ice cream, Dove soap and Cif and Domestos
cleaning products--said quarterly underlying sales rose 4.4%
year-on-year, while turnover fell 2.4% to 12.9 billion euros ($15.3
Turnover had a positive contribution of 1.3% from acquisitions
net of disposals but took a 7.7% hit from currency, Unilever
"In North America, market growth continued to be driven by
elevated demand for foods consumed at home. European markets saw a
mixed picture on growth and a challenging pricing environment. In
China, growth improved slightly compared to the second quarter.
After a strict lock-down earlier in the year," the company
Beauty and personal care remained the largest contributor to
quarterly turnover, generating EUR5.3 billion.
The board declared a quarterly dividend of 41.04 European cents,
or 37.46 pence (49.25 U.S. cents) compared with 35.76 pence the
Write to Matteo Castia at email@example.com
(END) Dow Jones Newswires
October 22, 2020 02:35 ET (06:35 GMT)
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