Unilever released its Q2 results. The underlying sales grew +4.7% at constant FX with volumes up +1.8% and pricing at +2.8% (cons. +4.4%). On reported figures, sales were down -3.2% (FX: -8.1%, net acquisitions: 0.7%). USG by division: PC +5.6% (good performance with good volumes), Foods +2.7% (still negative volumes), Refreshments +4.2%, HC +6% (price-driven). Overall, in H1, underlying sales were up 4.7%. The core operating profit in H1 was up +50bp to 15% (cons. +30bp). The gross margin im
21 Jul 2016
Great Q2; cost efficiencies pay off
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Great Q2; cost efficiencies pay off
Unilever PLC (ULVR:LON) | 3,812 1563.1 1.1% | Mkt Cap: 95,515m
- Published:
21 Jul 2016 -
Author:
Anna Zyniewicz -
Pages:
3
Unilever released its Q2 results. The underlying sales grew +4.7% at constant FX with volumes up +1.8% and pricing at +2.8% (cons. +4.4%). On reported figures, sales were down -3.2% (FX: -8.1%, net acquisitions: 0.7%). USG by division: PC +5.6% (good performance with good volumes), Foods +2.7% (still negative volumes), Refreshments +4.2%, HC +6% (price-driven). Overall, in H1, underlying sales were up 4.7%. The core operating profit in H1 was up +50bp to 15% (cons. +30bp). The gross margin im