Unilever releases first-quarter 2011 trading statement
Fifth Consecutive Quarter of Solid Growth
Turnover increased by 7.0% to €10.9 billion with underlying sales growth of 4.3%. All categories grew, driven by a particularly strong performance in the emerging markets. Commenting on the results, CEO Paul Polman said, “We have delivered a good performance which demonstrates that the transformation of Unilever is progressing well.”
This year, Unilever is making changes to the way it reports its results. For the first and third quarters, the company is releasing a quarterly trading statement – which gives more detail on sales across regions and categories, but does not go into the financial performance detail – and is publishing full financial results for the half-year and full-year. This change reflects the way the business is managed and the company’s commitment to long term sustainable growth.
Full details can be found in the Quarterly results and reports section of the site: http://www.unilever.com/investorrelations/results/quarterlyresults/default.aspx
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