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Unilever net profit up, sales down

Jan. 21, 2014 2:55 AM ETUnilever PLC (UL) StockULBy: Yigal Grayeff, SA News Editor1 Comment
  • Unilever (NYSE:UL) 2013 net profit +9% to €5.3B.
  • Core EPS +3% to €1.58
  • Revenue -3% to €49.78B.
  • Operating profit +8% to €7.5B.
  • Underlying sales growth 4.3%, with revenue rising 8.7% in emerging markets.
  • However, growth has slowed in the latter markets, due to economic uncertainty and currency depreciation. Personal-care sales decelerated to +7.3% from +10%, the first slowdown in six years.
  • Developed markets remained weak.
  • Unilever expects "ongoing volatility in the external environment" and is "positioning...accordingly." (PR)

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