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
05/19/201508:10:06Unilever Names New CFO
05/19/201506:36:26Unilever Names Graeme Pitkethly as New CFO
05/19/201502:53:21Unilever Chief Financial Officer Jean-Marc Huet to Step Down
05/08/201510:55:56U.K. Companies Boosted by Election Results
05/05/201509:15:55Unilever plc Stock Rating Reaffirmed by Liberum Capital (UL)
04/27/201509:33:45Unilever plc Stock Rating Reaffirmed by Liberum Capital (UL)
04/23/201509:22:08Unilever plc Earns Underweight Rating from JPMorgan Chase & Co...
04/23/201507:35:02Why Procter & Gamble Company Is Shedding Its Cosmetics Business
04/22/201505:42:54Heineken Sees Profit Rise -- Update
04/21/201519:30:43Deal Struck for One Arizona Iced Tea Co-Founder To Buy Out the...
04/20/201504:18:40Unilever plc Raised to Outperform at RBC Capital (UL)
04/16/201517:56:17ADR Shares End Mixed; Unilever Rises
04/16/201513:04:35EUROPE MARKETS: European Stocks Fall From Record High As Investors...
04/16/201512:33:13LONDON MARKETS: FTSE 100 Drops As Pearson, Diageo Shares Throttled
04/16/201511:36:34Unilever Boosted by Stronger Dollar -- 2nd Update
04/16/201505:38:37EUROPE MARKETS: European Stocks Slip From Record High As Investors...
04/16/201505:07:32Unilever Sales Lifted by Currency Impact -- Update
04/16/201504:03:45LONDON MARKETS: FTSE 100 Eases From Record High, But Unilever...
04/16/201503:30:04Unilever Sales Lifted by Currency Impact
04/16/201502:57:31Unilever Sales Lifted by Currency Impact

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