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Unilever beats forecasts
Unilever, the consumer products group behind brands ranging from Knorr to Persil, posted better than expected results, announcing a 5.1% increase in underlying fourth-quarter sales.
The company delivered volume growth of 5.8% with underlying operating margin up 20 basis points and a continued improvement in cashflow at €3.4 billion.
For the full year, the consumer goods giant reported a 25% increase in pre-tax profits to €6.1bn, on turnover up 11%to €44.3bn.
The company, which has been facing higher commodity prices and intense competition, said it was confident about dealing with the challenging market conditions.
“Despite intense competition and the return of commodity cost volatility, our objectives remain profitable volume growth ahead of our markets, steady and sustainable underlying operating margin improvement, and strong cash flow,” said chief executive Paul Polman, in a results statement.
Source: Unilever
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