Unilever Sales Rise Following Failed Kraft Bid

Unilever's first results following a strategic review earlier this year look positive, boosted by strong sales growth in Asia

Morningstar News Team 20 July, 2017 | 1:42PM
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Consumer goods and personal care giant Unilever (ULVR) today reported growth in pre-tax profit in the first half of 2017 and said it is on track for another year of underlying sales growth ahead of the market. Earlier this year, Kraft Heinz bid to takeover Unilever but the bid was unsuccessful.

Unilever, which makes products including Marmite and Ben & Jerry's ice cream, said pre-tax profit in the first half of the year grew to €4.63 billion compared to €3.64 billion in the first half of 2016, as revenue rose to €27.73 billion from €26.28 billion.

Revenue was boosted by a 1.7% foreign exchange rate benefit, but underlying sales still grew by 3%. By division, underlying sales in Personal Care rose by 2.2%, while Home Care, Food and Refreshment sales were up 2.5%, 1.2% and 6.7%, respectively.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Unilever PLC4,151.00 GBX1.07Rating

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