News
Unilever first-half 2010 results show turnover increase
Unilever has announced ‘robust volume growth’, with improved volume market shares across all regions despite the tough economic climate.
Half-year highlights
- Turnover up 9.7% at €21.9bn.
- Underlying volume growth 6.6%. Underlying sales growth 3.8% and underlying price growth (2.6)%. In-year pricing was stable.
- Underlying operating margin up 30bps with continuing strong gross margins offset by significant investment in advertising and promotional expenditure, up 180bps.
- Net cash flow from operating activities €2.2bn, up €0.2bn. Average trading working capital again reduced as a percentage of turnover and has now been negative for three successive quarters.
- Fully diluted earnings per share €0.70 up 36% reflecting improved operating profit, lower restructuring and the favourable impact of foreign exchange.
Second-quarter highlights
- Underlying volume growth 5.7%. Underlying sales growth 3.6% with underlying price growth improving to (2.0)%. In-quarter pricing was again stable.
- Underlying operating margin up 10bps with advertising and promotions spend up 140bps.
Source: Unilever
- To submit editorial for consideration, contact the FoodBev.com editor or phone 01225 327869.
- If you are submitting potential editorial for publication, please mark clearly “for publication”.
See also
Latest news
| |