Unilever First-Quarter Revenue Fell 2%; Volume, Prices Rose
April 14 2016 - 2:48AM
Dow Jones News
By Rory Gallivan
LONDON--Unilever PLC (ULVR.LN) Thursday reported a 2% fall in
first-quarter revenue after unfavorable exchange rates offset
growth in volume and price increases.
The Anglo-Dutch consumer goods group, whose brands include Dove
soap and Ben and Jerry's ice cream, reported revenue of 12.5
billion euros ($14.3 billion) for the quarter ended March 31.
Underlying sales grew 4.7%.
"We are maintaining momentum despite a tougher external
environment, with all four categories gaining market share," said
Chief Executive Paul Polman, referring to the group's
personal-care, foods, home-care and refreshment categories.
"This broad-based growth, including over 8% in emerging markets,
shows the validity of our strategy, portfolio management and a
step-up in innovation," Mr. Polman said.
Unilever declared a 6% increase in its quarterly dividend to
EUR0.32 a share.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
(END) Dow Jones Newswires
April 14, 2016 02:33 ET (06:33 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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