UK: Emerging markets drive Unilever in Q3
Unilever CEO Paul Polman said yesterday (4 November) that the consumer goods giant made “solid progress” in the third quarter of 2010 thanks to the company’s emerging markets.The Magnum ice cream and Knorr soup maker booked a 21% increase in net profit to EUR1.35bn (US$1.91bn) for the three months to the end of September. Operating profit also rose 21%, reaching EUR1.81bn.
Unilever’s turnover was up 13.2% at EUR11.55bn. The company’s underlying sales, which excludes foreign exchange and M&A from the numbers, increased 3.6%.
“We have delivered another quarter of solid progress driven by our emerging markets business which again reported high levels of volume growth. This reflects the strength of our position in these markets where competitive activity is intense,” Polman said.
“Overall volume growth remained strong on the back of stronger innovations and the extension of our brands into new markets.”
just-food is the world’s leading portal for the global pre-packaged food and retail industries. Its daily mix of breaking news, views, analysis and research serves over 100,000 food executives each month. http://www.just-food.com/
TasteCooking has published an article recently discussing the benefits of pine nuts and the reasons...
Two local, South Australian businesses may have just invented the game-changing solution to plastic...
Australian scientists have reacted with concern to the news that a US woman was found carrying bacte...
Australian publicly-listed Retail Food Group is to expand its presence into Scandinavia after a Swed...
Australian farmers are worried that the overtly hostile rhetoric of President-elect Trump toward imp...
Germany’s Kaulfland supermarket chain has confirmed it is considering entering into Australia and is...
Consuming artificially sweetened soft drink daily during pregnancy may be linked with increased infa...
Dairy alternative drinks, such as soy and almond milk, accounted for 6 per cent of total global dair...