Unilever achieves Q1 growth aided by emerging markets and price rises

Unilever achieves Q1 growth aided by emerging markets and price rises

Unilever has announced solid Q1 growth, with underlying sales rising 3.1 percent, led by the emerging markets which witnessed a 5 percent rise.

Price rises were also said to help boost the growth, which exceeded analyst expectations of a 2.8 percent rise.

CEO Alan Jope said, “We have delivered a solid start that keeps us on track for our full year expectations. Growth was led by emerging markets and was balanced between volume and price.
“Accelerating growth is our number one priority. It requires both great execution and a continued strategic shift into faster growth segments and channels.”

The multinational’s beauty and personal care arm posted a growth of 3.1 percent, with skin care and deodorants showing a good start. Oral care declined in the quarter due to ‘challenging market conditions.’

Brands such as Rexona and Dove were helped by new innovations, while prestige products reported another quarter of double-digit growth.

Jope continued, “For the full year we continue to expect underlying sales growth to be in the lower half of our multi-year 3% – 5% range, an improvement in underlying operating margin that keeps us on track for the 2020 target and another year of strong free cash flow.”

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