Unilever 2017 Profit, Turnover Increases
February 01 2018 - 2:59AM
Dow Jones News
By Maryam Cockar
Unilever PLC (ULVR.LN) said Thursday that pretax profit and
turnover in 2017 increased and that it expects further growth in
the year ahead.
Last year, the consumer-goods company made a profit of 8.15
billion euros ($10 billion) compared with EUR7.47 billion a year
earlier.
Unilever, whose brands include Hellmann's mayonnaise, Dove soap
and Ben & Jerry's ice cream, said turnover increased 1.9% to
EUR53.70 billion from EUR52.71 billion. Excluding the spreads and
margarine business, which the company sold in December, turnover
rose 2.2% to EUR50.70 billion.
Underlying sales growth, excluding the spreads business, was
3.5% verses 3.7% in 2016.
The FTSE 100-listed company raised the dividend for the fourth
quarter to EUR0.3585 from EUR0.3201 the previous year.
Chief Executive Paul Polman said the company's priorities for
2018 are to grow volumes ahead of its markets, continue with its
savings program and to complete the integration of the foods and
refreshment division. He said this is expected to translate to
underlying sales growth between 3% and 5% and improve underlying
operating margin and cash flow.
Write to Maryam Cockar at maryam.cockar@dowjones.com
(END) Dow Jones Newswires
February 01, 2018 02:44 ET (07:44 GMT)
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