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UL Unilever PLC

52.37
0.22 (0.42%)
Pre Market
Last Updated: 10:00:50
Delayed by 15 minutes
Name Symbol Market Type
Unilever PLC NYSE:UL NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.22 0.42% 52.37 5,146 10:00:50

Unilever First-Quarter Revenue Fell 2%; Volume, Prices Rose

14/04/2016 7:48am

Dow Jones News


Unilever (NYSE:UL)
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By Rory Gallivan

LONDON--Unilever PLC (ULVR.LN) Thursday reported a 2% fall in first-quarter revenue after unfavorable exchange rates offset growth in volume and price increases.

The Anglo-Dutch consumer goods group, whose brands include Dove soap and Ben and Jerry's ice cream, reported revenue of 12.5 billion euros ($14.3 billion) for the quarter ended March 31. Underlying sales grew 4.7%.

"We are maintaining momentum despite a tougher external environment, with all four categories gaining market share," said Chief Executive Paul Polman, referring to the group's personal-care, foods, home-care and refreshment categories.

"This broad-based growth, including over 8% in emerging markets, shows the validity of our strategy, portfolio management and a step-up in innovation," Mr. Polman said.

Unilever declared a 6% increase in its quarterly dividend to EUR0.32 a share.

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

(END) Dow Jones Newswires

April 14, 2016 02:33 ET (06:33 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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