Business World

Sunday 23 April 2017

Unilever sales ahead of target in first quarter of the year

Paul Polman, Unilever CEO
Paul Polman, Unilever CEO

Martinne Geller

Consumer goods maker Unilever reported better than expected first-quarter sales on Thursday, helped by pricing growth.

The results could boost investor enthusiasm for Unilever, whose shares have remained higher since February when it received, and swiftly rejected, a $143bn (€133bn) takeover offer from rival Kraft Heinz.

The maker of Dove soap and Knorr soups said underlying sales rose 2.9pc in its financial first quarter. That compares to analysts' estimates of 2pc, according to a consensus compiled by the company, and growth of 2.2pc in the fourth quarter and 3.2pc in the third quarter.

Reuters

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