Exchange rates impact Unilever turnover

Exchange rates impact Unilever turnover

Unilever's turnover has dropped quite a bit in 2014's first quarter, because of negative exchange rate fluctuations, even though the underlying turnover growth was higher than expected.

Underlying growth better than expected

Unilever's turnover in the first quarter dropped 6.3 % to 11.4 billion euro, mostly because of negative exchange rate fluctuations, which were at 8.9 %. The underlying growth, which does not consider the purchases and exchange rates, reach 3.6 %, more than the 3.3 % analysts had expected.

 

The emerging markets managed a 6.6 % increase for the underlying turnover, lower than the 8.4 % from 2013's fourth quarter. "Emerging markets are currently passing through a period of slower demand and economic volatility but our strategy remains unchanged. We continue to invest in our brands so that they are well-placed to benefit from the significant longer term growth opportunity that will come from growing populations and higher disposable income", CEO Paul Polman said.

 

Unilever recently sold the BiFi brand and will now consider selling several other brands, like the pasta sauce department in North America and maybe SlimFast. The company bought SlimFast for 1.75 billion euro in 2000, but the diet product sales has dropped considerably since then in the United States.

Questions or comments? Please feel free to contact the editors


Lubach: “Fair clothing is a matter of priorities”

15/11/2017

Ever since the Rana Plaza disaster, the clothing industry has clamoured for transparency in the clothing manufacturing branch, but Zondag met Lubach’s Arjen Lubach proved on Sunday that there is no actual transparency yet.

Fashion chain Canada Goose opens first European store

14/11/2017

Canadian fashion chain Canada Goose opened its first European store in London. The brand’s clothing has been in Europe for quite some time, but only at multi-brand stores up until now.

Desigual suffers turnover blow in first three quarters

14/11/2017

Spanish fashion chain Desigual suffered a blow in the first three quarters of 2017, with turnover  down more than 10 %. It mainly struggled in Europe, a region where it generates almost all of its turnover.

Two or three stripes on clothing are Adidas' property

13/11/2017

Swedish store chain H&M can no longer use parallel stripes on its (sports) clothing, because they resemble Adidas’ three stripes too much, according to a The Hague court.

Strong third quarter for Adidas

10/11/2017

Sports clothing manufacturer Adidas experienced a strong third quarter. Its growth was slower than in the previous quarter, but its operational profit exceeded analysts’ expectations.

Yoox Net-a-Porter grows but still failed to live up to expectations

09/11/2017

Online retailer Yoox Net-a-Porter’s third quarter like-for-like turnover grew 17.7 % to 481.8 million euro, which is not entirely what analysts had expected. Its growth slowed down in the United States and China in particular.

Back to top