Unilever Reports Lower Turnover In 2014

Unilever said underlying sales grew 2.9 percent in 2014, compared with the previous year, with volume rising 1.0 percent and price expanding 1.9 percent. However, turnover decreased 2.7 percent to €48.4 billion, which included a negative currency impact of 4.6 percent. Core operating margin rose 40bps, at current exchange rates, while free cash flow reached €3.1 billion after €0.8 billion of tax on disposal profits. Also, core earnings per share rose 11 percent at constant exchange rates, or 2 percent at current exchange rates to €1.61.