Unilever sees further underlying sales growth in third quarter of 2016

Unilever has announced its financial results for the third quarter of 2016, during which it maintained its underlying growth momentum.

Its turnover for the third quarter of the year came to 13.4 billion euros (12.11 billion pounds), which was roughly level with its performance for the corresponding quarter of last year. However, underlying sales grew 3.2 percent, despite a deterioration of trading conditions in a number of countries.

Numerous markets in which Unilever operates have seen slowdowns, particularly in Latin America. However, the company continues to grow at a faster pace than the industry average.

Its acquisitions of Dollar Shave Club, Blueair and Seventh Generation are expected to help maintain this momentum, while it is proceeding with efficiency improvement schemes, net revenue management efforts and zero-based budgeting.

Paul Polman, chief executive officer of Unilever, said: "These actions keep us on track for another year of volume growth ahead of our markets, steady improvement in core operating margin and strong cash flow."

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