Vladimír Urbánek (Kurzy.cz)
World markets  |  October 25, 2012 12:12:28

Unilever 3Q results beat estimates, sales in emerging markets grew

World number two in sales of consumer goods company Unilever, has seen annual growth for 3Q called underlying sales by 5.9%, which exceeded market expectations set for an average increase of 5.3%. The total number of sold items rose by 3.4% compared with estimated growth of 2.5%. Sales growth in emerging markets to overcome the attenuation already developed markets. Sales in emerging markets increased yoy by 13% and now represent 55% of total sales.

Underlying sales grew by 8% in the personal products division, which is traditionally the most profitable parts of the company. Growth of 11% recorded housewares division. Food sales declined by 0.4%.

Among the regions fared best Latin America with growth of 14%, sales in Asia, Africa and the Middle East grew by 11%. Sales in Europe grew by 0.9% compared to a decline of 2.2% in 2Q12.The firm said that in Greece offering cheaper goods in response to local economic development, the situation in Spain has stabilized.

Total revenues in Q3 rose by 10% to 13.4 mld.EUR. Underlying sales do not count impact of acquisitions and currency fluctuations.

Growth results Unilever's performance contrasts with the decline of the main competitors in the form of Nestlé and Danone, which his worse-than-expected results already presented in the previous week.
Unilever shares are rising in response to the report by 4%. For the whole year the title has made better by almost 8%.
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