Unilever warns for slower growth

Unilever warns for slower growth

In its first half of 2015, Unilever has managed a higher turnover than expected, but it still sent out a warning that it anticipates slower growth in the upcoming period, because of lower consumer demand.

Positive exchange rates

The British-Dutch company managed a 27 billion euro turnover in the first half of 2015, up 12 % over last year. Positive exchange rates were a big part of the turnover increase, because the company would only have had a 2.9 % growth without the exchange rates. Sales volumes dropped in the United States, while European and Latin American sales volumes grew. European prices did plummet however, which means that local turnover did drop.

 

Unilever's net profit also got hit with an 11 % drop, reaching 2.7 billion euro. On the other hand, Unilever sold off several subsidiaries last year, which also bumped up its profits last year: excluding that one-time income, Unilever's profit would have increased 16 % this year, over last year's numbers.

 

The company does warn for slower growth as consumer demand drops, but it expects a higher growth rate than any of its competitors over the course of its full fiscal year. To strengthen its position in the skin care market, it has been actively buying skin care products over the past few months.

Questions or comments? Please feel free to contact the editors


Retail & wholesale support EU Plastics Strategy

19/01/2018

(Content provided by EuroCommerce) The retail and wholesale sector sees the publication of the EU Plastics Strategy as a welcome step towards a more circular economy, which it hopes will transform the way plastics are produced, used and discarded.

LensGroup acquires two German web shops

18/01/2018

Belgian LensGroup, which owns lens web shop LensOnline, has acquired two German competitors.The entry on the German market means the company is now active in five European countries.

Will your company win the bpost Omnichannel Award 2018?

18/01/2018

Which retailer will succeed Juttu in 2018 as the winner of the bpost Omnichannel Award? Candidates can now register, the award will be presented during the RetailDetail Omnichannel Congress on 1 March.

British supermarket chain Iceland gives plastic the boot

17/01/2018

British frozen food chain Iceland will be the first supermarket chain to cut all plastic packages from its private labels. By 2023, each of its 1,400 private label products will have more sustainable packaging, like cardboard and paper, alternatives to plastic.

Hema will open stores in Middle-East

15/01/2018

Hema will head outside of Europe for the first time ever: it will open three stores in Dubai later this year. In the next five years, the Dutch chain aims to open a sizeable number of Middle-Eastern stores.

Metro Group is happy with first quarter

15/01/2018

German Metro Group is happy with its first quarter results. Turnover, after exchange rate fluctuations, has only grown 0.2 %, but there was a 0.8 % like-for-like turnover increase.

Back to top