Belfast Telegraph

Unilever confident despite fall in revenue

By Graeme Evans

Consumer goods giant Unilever, whose brands include Flora and Magnum ice cream, has been impacted by the stronger euro and slower emerging markets.

The Anglo-Dutch group's revenues were 6.3% lower at €11.4bn (£9.4bn) in the first three months of the year.

However, it said underlying growth remained healthy with trading stronger than the rest of its markets.

Underlying sales were 3.6% higher, with volumes up 1.9% and prices 1.6% stronger.

There was growth of 6.6% in emerging markets, but this was weaker than the annual rate of 8.4% seen in the previous three months.

Chief executive Paul Polman said: "Emerging markets are currently passing through a period of slower demand and economic volatility but our strategy remains unchanged."

Emerging markets have been under pressure due to currency weakness in countries such as Brazil and India.

Meanwhile in Europe, sales were flat in the face of sluggish markets.

Belfast Telegraph