Emerging markets lift Unilever sales
THE HAGUE—The Dutch food and cosmetics giant Unilever said Thursday that its first-quarter sales soared 11.9 percent to 12.14 billion euros ($16 billion), lifted mostly by emerging-market demand.
“Emerging markets, now 56 percent of the business, have again delivered strong growth,” said chief executive Paul Polman in a statement.
Sales in those markets grew by 11.9 percent, while developed ones posted an expansion of 4.2 percent.
Polman warned that the “external macro-economic environment remains difficult and higher input cost headwinds persist,” but the group said it was maintaining its targets of an improved profit margin for 2012.
Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94