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Home Industry News Unilever achieves all-round strong performance for 2017

Unilever achieves all-round strong performance for 2017

5th February 2018

Unilever has announced its financial results for the 2017 business year, during which it generated a turnover total of EUR 53.7 billion (GBP 47.61 billion).

This represented a year-on-year increase of 1.9 percent, with underlying sales growth of 3.5 percent when excluding the spreads business. An innovation-led improvement in volumes in the fourth quarter was cited as a key driver of this performance.

In the last year, Unilever accelerated its Connected 4 Growth transformation programme, investing more in new research, unlocking additional savings and announcing and completing 11 acquisitions over the 12 months.

This was achieved despite overall market conditions remaining challenging in 2017, and means that Unilever is still on course to meet its longer-term financial goals for 2020.

Paul Polman, Unilever's chief executive officer, said: "We have delivered a good all-round performance with competitive growth, including an innovation-led improvement in volumes in the fourth quarter, and substantially increased margin, earnings and cash flow."

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