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Unilever Reports Higher Sales In First 3 Quarters Of 2012

October 25, 2012: 12:00 AM EST
Unilever's sales grew 6.6 percent in the first nine months of 2012, according to company chief financial officer Jean-Marc Huet. Sales growth was driven by strong performance in emerging markets and a solid performance in developed markets, where sales grew almost 1 percent despite the economic slowdown. Compared with the same period of the previous year, turnover increased 11.1 percent to almost €39 billion, with mergers and acquisitions accounting for 1.5 percent and foreign exchange earnings contributing another 2.6 percent. Turnover for the third quarter of 2012 was €13.4 billion, an increase of 10.3 percent. Volume growth accounted for 3.4 percent, while price contributed another 2.4 percent.
"Unilever Management Discusses Q3 2012 Results - Earnings Call Transcript", Seeking Alpha, October 25, 2012, © Seeking Alpha
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