Inflation boosts sales growth at Unilever in first half
LONDON — Continued inflation boosted first-half sales growth at Unilever, where revenue rose 2.7% year-on-year to 30.4 billion euros.
The parent company of brands including Dove, Dermalogica and Hellmann's said underlying sales for the six-month period increased 9.1%, primarily due to price growth, which is expected to decline in the second half of the year as cost inflation eases.
Sales of the beauty and well-being division of Unilever increased by 8.6% to reach 6.2 billion euros in the six months preceding on June 30, while personal care sales increased by 7.3% to reach 6.9 billion euros .
Related ArticlesUnilever's half-year net profit rose 20.7% to 3.9 billion euros, partly supported by divestments.
In his first quarterly earnings statement, new Unilever CEO Hein Schumacher said the company's first-half performance highlighted the qualities that first attracted him to the company, "an unrivaled global footprint, a portfolio of great brands and a team of talented people".
Unilever's global headquarters in LondonSchumacher said his early immersion in the business confirmed his belief in Unilever's "strong fundamentals". The task ahead is to leverage these fundamental strengths, supported by our simplified operating model, to improve performance and competitiveness.
"It's our top priority and it will mean greater focus and more precise execution, with science-backed innovations and investments behind our brands."
Schumacher said he would offer more details in October when Unilever releases its third-quarter figures.Unilever described the first-half macroeconomic environment as "volatile and costly", and said it expected full-year underlying sales growth to be above 5%, ahead of its multi-year range. Underlying price growth will continue to moderate throughout the year as cost inflation declines.
Unile...
LONDON — Continued inflation boosted first-half sales growth at Unilever, where revenue rose 2.7% year-on-year to 30.4 billion euros.
The parent company of brands including Dove, Dermalogica and Hellmann's said underlying sales for the six-month period increased 9.1%, primarily due to price growth, which is expected to decline in the second half of the year as cost inflation eases.
Sales of the beauty and well-being division of Unilever increased by 8.6% to reach 6.2 billion euros in the six months preceding on June 30, while personal care sales increased by 7.3% to reach 6.9 billion euros .
Related ArticlesUnilever's half-year net profit rose 20.7% to 3.9 billion euros, partly supported by divestments.
In his first quarterly earnings statement, new Unilever CEO Hein Schumacher said the company's first-half performance highlighted the qualities that first attracted him to the company, "an unrivaled global footprint, a portfolio of great brands and a team of talented people".
Unilever's global headquarters in LondonSchumacher said his early immersion in the business confirmed his belief in Unilever's "strong fundamentals". The task ahead is to leverage these fundamental strengths, supported by our simplified operating model, to improve performance and competitiveness.
"It's our top priority and it will mean greater focus and more precise execution, with science-backed innovations and investments behind our brands."
Schumacher said he would offer more details in October when Unilever releases its third-quarter figures.Unilever described the first-half macroeconomic environment as "volatile and costly", and said it expected full-year underlying sales growth to be above 5%, ahead of its multi-year range. Underlying price growth will continue to moderate throughout the year as cost inflation declines.
Unile...
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