Unilever Q1 sales rise 12% to €12.1bn, prices up by 4.7%

26 April 2012 08:30  [Source: ICIS news]

SINGAPORE (ICIS)--Unilever’s first-quarter sales grew by 12% year on year to €12.1bn ($15.9bn), driven by positive volume growth across all its business units, the Anglo-Dutch consumer goods company said on Thursday.

The company’s underlying sales growth was at 8.4%, with its prices up by 4.7% and volume growth at 3.5% compared to the same period a year ago, Unilever said in a statement.

“We have grown ahead of our markets, with all categories delivering positive volume growth,” said its CEO, Paul Polman.

“The external marcoeconomic environment remains difficult and higher input cost headwinds persist,” Polman added.

The company expects a modest improvement in its full year core operating margin for 2012, weighted towards the second half of the year.

($1 = €0.76)

By: Samuel Wong

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