Summer heats up Unilever results

Summer heats up Unilever results

British-Dutch Unilever has had an excellent quarter: turnover grew nearly 10 %, despite the slower growth in the emerging markets. Especially refreshments, like ice-tea and ice cream, saw their sales boosted by the hot summer.

"Refreshment" is biggest grower

The Knorr, Dove, Calvé, Unox, Ben & Jerry and Magnum manufacturer managed to increase its third quarter turnover 9.4 % to 13.4 billion euro, slightly more than the 13.2 billion analysts had predicted. In total, turnover over the first 9 months of 2015 reached 40.4 billion euro. Its underlying turnover growth, excluding favourable exchange rates and one-time costs, was 5.7 %: also well above the 3.9 % analysts had forecast.

 

Thanks to a beautiful summer, the "Refreshment" division (mainly ice cream and ice-tea) grew the most, going up 8.5 %. "Personal Care" (+ 6.2 %) and "Home Care" (+ 6.6 %) managed sizeable growth as well, but the "Foods" division lagged behind with a mere 1.6 % turnover increase.

 

Dutch CEO Paul Polman expects Unilever sales to grow at a faster pace than the market average, with underlying turnover growth close to 4 % (where it was previously between 2 to 4 %) and higher margins.

Questions or comments? Please feel free to contact the editors


Facebook launches its Marketplace in Europe

16/08/2017

In October 2016, Facebook launched a marketplace for used items in several countries, including the United Kingdom and the United States. That marketplace is now also coming to Belgium, the Netherlands and fifteen other European countries.

AS Adventure acquires German McTrek

14/08/2017

Belgian outdoor chain AS Adventure has acquired its German competitor McTrek. The acquisition opens up the largest European outdoor market for the Belgians, thanks to McTrek’s 39 stores and web shop.

American department store chains continue to struggle

11/08/2017

Several American department store chains continue to underperform. Both Macy’s and Kohl’s experienced turnover slumps compared to the previous year, even though they both managed to beat analysts’ expectations.

Amazon wants to compete with Ticketmaster

11/08/2017

Amazon is in talks with American event location owners to see whether it could sell tickets for their events on its web shop.

Record turnover for Henkel

10/08/2017

German Henkel has had a record second quarter, when turnover reached nearly 5.1 billion euro. For the first time ever, its six-month turnover surpassed the 10 billion euro milestone, thanks to its acquisition of laundry detergent company Sun.

Lion Capital once again wants to sell Hema

08/08/2017

Lion Capital has approached business bank Credit Suisse to look into “strategic options” for Hema, which basically means it has to find an interested buyer for the Dutch store chain.

Back to top