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Home Industry News Unilever achieves further growth in Q1 2011

Unilever achieves further growth in Q1 2011

5th May 2011

Unilever has been able to deliver a "good performance" in the first quarter of 2011, according to its newest financial report.

The consumer products manufacturer achieved a year-on-year increase in turnover of seven percent for the quarter, resulting in a figure of 10.9 billion euros (9.73 billion pounds), while underlying sales grew by 4.3 percent.

It represented a fifth consecutive quarter of growth for the multinational firm, which made major strides in integrating the recently acquired personal care business of Sara Lee during the period.

Unilever will continue to introduce new products and expand the global penetration of its brands in the coming quarter, while it is also set to complete the buyout of Alberto Culver.

"We have delivered a good performance which demonstrates that the transformation of Unilever is progressing well," said Unilever chief executive officer Paul Polman.

The company is also currently in the process of selling off its Sanex personal care brand to Colgate-Palmolive after agreeing to a 672 million euros buyout earlier this year.ADNFCR-8000103-ID-800520785-ADNFCR

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