ADVFN - Advanced Financial Network.
HOME» NYSE » U » UL Stock Price » UL Stock News

Unilever America Share News

 Unilever Stock Price
UL Stock Price
 Unilever Stock Chart
UL Stock Chart
 Unilever Stock News
UL Stock News
 Unilever Company Information
UL Company Information
 Unilever Stock Trades
UL Stock Trades

Unilever Posts Small Profit Rise; Cautions On Outlook

By Simon Zekaria Of DOW JONES NEWSWIRES LONDON -(Dow Jones)- Unilever PLC (UN, UL) Thursday posted a small rise in full-year net profit on higher sales, higher prices in selected markets and volume gains in emerging economies, but cautioned the outlook remains difficult this year. The company, one of the world's biggest producers of consumer goods, said purchases of ice cream, tea, cleaning products, deodorants and shampoo in the booming economies of Asia, Africa, Latin America, and the Middle East are more than offsetting weaker sales in debt-laden Western Europe and the U.S. "We expect the external macro-economic environment to remain difficult in 2012 and input cost headwinds will persist, although to a lesser extent than in 2011.," Chief Executive Paul Polman said in a statement. The Anglo-Dutch firm is the second-largest maker of branded household products by revenue after U.S.-based Procter & Gamble Co. (PG) and is behind food products such as Ben & Jerry's ice cream, Knorr soup and Bertolli olive oil spreads and household products such as Dove soap, Lynx aftershave and Cif cleaner. Net profit for the fiscal year rose to EUR4.25 billion from EUR4.24 billion in the same period a year ago. Fourth-quarter sales excluding acquisitions, disposals and currency movements grew 6.6%, missing a company-produced consensus of market forecasts that predicted 6.8% growth. This compares with a 5.1% rise in the same period a year ago and a 7.8% increase in the previous three months. Volumes, stripping out acquisitions, disposals and currency movements in the quarter rose only 0.1%, down from 5.1% growth last year and a 1.9% increase in the third quarter. Volume growth was adjusted by about 1% for the impact of sales in North America, the group said. Unilever's operating margin in the full year, excluding restructuring, disposals and other exceptional items, was down to 14.9% from 15% last year. The company warned in November of flat to lower margin in the fiscal year. To combat rising costs, the company is streamlining packaging, paring its logistics, sourcing and purchasing costs, and selectively increasing prices to stem margin losses. The price of its products rose 6.5% in the fourth quarter, compared with a 5.8% increase in the third quarter. Unilever, which also competes with Switzerland's Nestle SA (NESN.VX), faces a challenging consumer outlook in its mature economies, where shoppers' disposable income is under pressure from rising unemployment, below-inflation pay rises and austerity measures such as tax hikes and public spending cuts. P&G last week posted a 4% rise in net sales to $22.1 billion for its fiscal second quarter, and said its operating profit growth will accelerate as commodity costs ease. Unilever proposed a quarterly dividend of EUR0.225 a share, payable in March, and reiterated its guidance of profitable volume growth, steady and sustainable underlying operating margin improvement and strong cash flow. Unilever shares closed Wednesday at 2085 pence, valuing the company at GBP58.7 billion. The shares have fallen 3.6% in the year to date. -By Simon Zekaria, Dow Jones Newswires; +44 207 842-9410; simon.zekaria@dowjones.com

Stock News for Unilever America (UL)
DateTimeHeadline
04/17/201408:09:44Unilever 1Q Sales Results -- Forecast
03/24/201417:25:21Unilever's Fernando Machado Joins Burger King as Senior VP of...
03/10/201417:42:18ADR Shares End Lower; Petrobras Shares Active
03/10/201402:55:21Unilever Invests in Chinese Water-Purification
03/03/201417:27:11ADR Shares End Lower; Unilever Shares Active
03/03/201411:50:08Unilever Looks to Sell Ragu Brand, Hires Morgan Stanley -Bloomberg
02/21/201405:39:09Unilever Sells Meat Brands Bifi, Peperami to Jack Link's
02/20/201408:20:07Skippy Acquisition Continues to Benefit Hormel's Profit
01/30/201401:53:05Givaudan Posts Better-Than Expected Earnings
01/27/201405:27:07Hindustan Unilever 3Q Net Profit Up 21.9%
01/24/201417:04:36P&G Says Demand in Emerging Markets Remains Strong -- 2nd Update
01/22/201415:08:02Unilever in Early Stages of Considering Slim-Fast Sale -Sky News
01/21/201418:08:31ADR Shares End Mixed; SAP, Unilever Shares Active
01/21/201412:31:10LONDON MARKETS: FTSE 100 Wavers As Unilever Climbs; Miners Fall
01/21/201412:21:42EUROPE MARKETS: European Stocks Close In Black After Choppy Session
01/21/201410:17:37EUROPE MARKETS: European Stocks Lean Toward Record Close
01/21/201408:07:46EUROPE MARKETS: European Stocks Gain, Led By Unilever
01/21/201404:18:09EUROPE MARKETS: European Stocks Climb After China's Liquidity...
01/21/201403:20:05Unilever Sales Growth Slows
01/17/201408:55:57Unilever 4Q Sales 2013 -- Forecast

Unilever America and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad