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Home Industry News Unilever reports continued growth in challenging third quarter of 2014

Unilever reports continued growth in challenging third quarter of 2014

30th October 2014

Unilever has been able to continue its recent underlying sales growth despite challenging market conditions in the third quarter of 2014.

The company's turnover for the three months came to 12.2 billion euros (9.61 billion pounds), representing an underlying year-on-year sales growth of 2.1 percent. This was offset by negative currency exchange impact and recent acquisitions and disposals.

Market growth continued to slow in the third quarter as macroeconomic pressures affected consumer demand, but Unilever was able to outpace the sector as a whole, with its home care and personal care divisions performing strongly.

Though markets are expected to remain tough for at least the remainder of the year, the firm is confident in the investments it has made in its brands, as well as the work it has done to improve its business efficiency.

Paul Polman, Unilever's chief executive officer, said: "We are confident that we will achieve another year of profitable volume growth ahead of our markets, steady and sustainable core operating margin improvement and strong cash flow."

Earlier this month, the company issued a call for EU member states to adopt a more ambitious position on energy efficiency, renewables and climate change, as part of its efforts to encourage better global sustainability performance.ADNFCR-8000103-ID-801757967-ADNFCR

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