Unilever beat analyst expectations to report its best performance in six quarters for the fourth quarter of the financial year, according to a report published by Reuters.
The Anglo-Dutch FMCG giant saw underlying sales grow 4 percent in the final three-month period of fiscal 2017, attributed to a strong performance in emerging markets, particularly India and Brazil.
“We have delivered a good all-round performance with competitive growth, including an innovation-led improvement in volumes in the fourth quarter, and substantially increased margin, earnings and cash flow. This puts is well on track to deliver towards the strategic objectives set out for 2020 and demonstrates the progress we have made in transforming Unilever into a more resilient and agile business,” said Paul Polman, CEO, in a statement.
However, the news failed to cause the group’s share price to recover from the lows experienced following its disappointing third quarter performance, with analysts attributing the lack of movement to market fears over pricing.