Watch Live

Tweet TWEET

Unilever announces 2nd Quarter Results 2013

Unilever announces 2nd Quarter Results 2013 
LONDON and ROTTERDAM, THE NETHERLANDS -- (Marketwired) -- 07/25/13 -- 


 
 
                   2013 FIRST HALF YEAR RESULTS
 
      PROFITABLE GROWTH MOMENTUM SUSTAINED IN TOUGHER MARKETS
 
First half highlights
 
* Underlying sales growth 5.0% with emerging markets up 10.3%
 
* Underlying volume growth 2.6% and pricing up 2.3%
 
* Turnover up 0.4% at EUR25.5 billion with currency (3.2)% and
  disposals (1.1)%
 
* Core operating margin up 40bps to 14.0% driven by gross margin up
  120bps
 
* Core earnings per share up 4% to EUR0.76; free cash flow of EUR1.3
  billion
 
* Hindustan Unilever stake increased to 67%
 
Second quarter highlights
 
* Underlying sales growth 5.0% with volume growth of 3.0% and price
  growth of 2.0%
 
          Paul Polman: Chief Executive Officer statement "This set of
results clearly demonstrates that the transformation of Unilever to a
sustainable growth company is fully on track. The strong Home Care
and Personal Care performance is particularly pleasing given increased
competitive pressure. The underlying performance of our Foods and
Refreshment categories is starting to improve, with strong growth
from the relaunched Lipton Yellow Label and the continuing success of
Knorr jelly bouillons and baking bags. Innovation remains the key
driver of growth with examples such as compressed deodorants, Vaseline
Spray & Go and Magnum 5 kisses. And there is more to come: our
innovation pipeline is robust which will be vital as we navigate the
slowdown in many parts of the world.
 
Our focus on gross margin is also starting to bear fruit: we are
delivering more profitable innovations, improving mix and continuing to
apply a rigorous approach to supply chain costs and savings. But there
is no room for complacency: we are well aware that past success is no
guarantee of future success. The tougher economic environment and
reinvigorated competition require us to set the bar higher on
innovation and to increase investment behind our brands. At the same
time we need to continue to take costs out of the system to help
finance this investment.
 
The Unilever Sustainable Living Plan gives us a strong purpose-driven
business model. Our emerging markets footprint and strong innovation
pipeline
 gives us confidence that we will continue to grow
competitively. We remain focused on achieving another year of
profitable volume growth ahead of our markets, steady and sustainable
core operating margin improvement and strong cash flow."
 
Key Financials (unaudited)               First Half 2013
Current Rates
 
Underlying Sales Growth (*)                    5.0%
 
Turnover                                  EUR25.5bn       +0.4%
Operating Profit                           EUR3.9bn        +14%
Net Profit                                 EUR2.7bn        +13%
Core earnings per share (*)                 EUR0.76         +4%
Diluted earnings per share                  EUR0.83        +14%
 
Quarterly dividend payable in September 2013 EUR0.269 per share
 
(*) Underlying sales growth and core earnings per share are non-GAAP
measures (see pages 6 and 7).                      25 July 2013
 
                       ENQUIRIES
 
Media:                           Investors:
Media Relations Team             Investor Relations Team
UK +44 20 7822 6719              +44 20 7822 6830
trevor.gorin@unilever.com        investor.relations@unilever.com
NL +31 10 2174844
flip.dotsch@unilever.com
 
There will be a web cast of the results presentation available at:
 
www.unilever.com/ourcompany/investorcentre/results/quarterlyresults/default.asp
 
The web cast can also be viewed from the Unilever Investor Relations
app which you can download from:
 
http://itunes.apple.com/us/app/unilever-investor-centre-
app/id483403509?mt=8&ign-mpt=uo%3D4
 
Click on, or paste the following link into your web browser, to view
the associated PDF document.
 
http://www.rns-pdf.londonstockexchange.com/rns/1005K_1-2013-7-24.pdf
 
                    This information is provided by RNS
          The company news service from the London Stock Exchange
 
END

  
Contacts:
RNS
Customer
Services
0044-207797-4400
rns@londonstockexchange.com
http://www.rns.com