Unilever Q3 sales totals €12.1bn, prices up by 5.8%

03 November 2011 08:23  [Source: ICIS news]

SINGAPORE (ICIS)--Unilever’s sales for the third quarter of 2011 totalled €12.1bn ($16.8bn) on strong innovations and continued drive to launch existing brands into new markets, the Anglo-Dutch consumer goods producer said on Thursday.

The company’s underlying sales growth was 7.8% ahead of the market, with its prices up by 5.8% and volume growth up by 1.9% compared with the same period in 2010, the statement said.

The company’s sales in the first nine months of the year totalled €34.9bn, with its underlying sales growth ahead of the market at 6.5%, according to the statement.

Unilever’s prices were up by 4.3% and volume growth at 2.1% as compared with the first nine months of 2010, it added.

“Growth was strong across all categories and helped by technology-based innovation, now routinely rolled out quickly to multiple markets,” said Paul Polman, CEO of Unilever.

“We now expect [the company’s] underlying operating margin in 2011 to be flat to slightly down,” Polman added.

($1 = €0.72)

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By: Samuel Wong

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