Unilever reports 9mnth growth in underlying sales

Unilever has reported nine-month underlying sales growth of 4.2%, ahead of its markets, with price up 2.8% and volume up 1.3%.

The consumer-goods outfit said emerging markets underlying sales growth was 7.2%, with price up 5.5% and volume up 1.6%.

Sales increased 4.7% at constant exchange rates, while turnover, which was at current rates, declined 1.8%.

"Our business continues to demonstrate its resilience by growing competitively and consistently in tough market conditions," said CEO Paul Polman in a statement.

"Underlying sales growth of 4.2% in the first nine months, including over 7% in emerging countries, was ahead of our markets across all four categories. This was driven by strong innovations in support of our category strategies.

"During the third quarter, we have made further progress in reshaping our portfolio, adding businesses in fast-growing segments with the acquisitions of Dollar Shave Club, Blueair and Seventh Generation.

"With markets remaining soft and volatile, we have continued to transform our business at an accelerated pace. We are progressing well with the fast implementation of our change programmes: net revenue management, zero based budgeting and 'Connected 4 Growth', making our organisation more agile and responsive to market needs.

"These actions keep us on track for another year of volume growth ahead of our markets, steady improvement in core operating margin and strong cash flow."