Unilever net profit up, sales down

|About: Unilever Plc (UL)|By:, SA News Editor

Unilever (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)