Unilever 3Q Underlying Sales Rose, Backs Margin Guidance Despite Cost Inflation
October 21 2021 - 02:48AM
Dow Jones News
By Joe Hoppe
Unilever PLC said Thursday that third-quarter underlying sales
rose on good growth in its priority markets of the U.S., China and
India, development of online shopping channels and growth of
portfolio brands.
The Anglo-Dutch retailer--which owns consumer brands such as Ben
& Jerry's ice cream and Dove soap--said quarterly underlying
sales rose 2.5% year-on-year, and that turnover increased to 13.5
billion euros ($15.7 billion). This compares with turnover of
EUR12.9 billion in the year-earlier period.
Cost inflation remains at strongly elevated levels, and this
will continue into next year, the company said.
"We have and will continue to respond across our categories and
markets, taking appropriate pricing action and implementing a range
of productivity measures to offset increased costs," Chief
Executive Alan Jope said.
The company said that it continues to expects to deliver in line
with its guidance for flat margins for the full year.
The board declared a quarterly dividend of 42.68 European cents,
compared with 41.04 European cents the prior year.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
October 21, 2021 02:33 ET (06:33 GMT)
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