Unilever 3Q Turnover Grew; Raises 2022 Sales Guidance -- Update
27 Octobre 2022 - 09:11AM
Dow Jones News
By Kyle Morris
Unilever PLC said in a trading statement Thursday that
third-quarter underlying sales and turnover rose as price growth
accelerated and volumes fell, and lifted its sales guidance for the
year
The Anglo-Dutch retailer--which owns consumer brands such as Ben
& Jerry's ice cream and Dove soap--said quarterly underlying
sales rose 11% on year and that turnover increased 18% to 15.8
billion euros ($15.94 billion). This compares with turnover of
EUR13.5 billion in the year-earlier period.
For the first nine months of the year, underlying sales rose
8.9% and turnover was up 16% to EUR45.6 billion.
Price growth stepped up to 12.5% in the quarter, with volumes
declining 1.6%.
The company said that it now expects underlying sales growth for
2022 to be above 8%, with more negative underlying volume growth
than in the first nine months. At its half-year results in July,
Unilever said that it saw underlying sales growth ahead of the
previously guided range of 4.5% to 6.5%.
The board maintained its quarterly dividend at 42.68 European
cents.
"Unilever has delivered another quarter of growth in challenging
macroeconomic conditions. Underlying sales growth improved to
10.6%, led by further increases in pricing with only a limited
impact on volume, and w e now expect underlying sales growth for
the full year 2022 to be above 8%," Chief Executive Alan Jope
said.
"The global macroeconomic outlook remains mixed, and we expect
the challenges of high inflation to persist in 2023. The delivery
of consistent growth remains our first priority," he added.
Cost pressure is set to continue into 2023, driven by currency
devaluation, higher raw material costs on year, and higher supplier
processing costs connected to energy and labor inflation, the
company said.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
October 27, 2022 02:56 ET (06:56 GMT)
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