Unilever: A good start with strong volume growth in first quarter

 Paul Polman

Paul Polman

April 19, 2018 - Today, Unilever announced its results for the first quarter of 2018, which show good volume-driven performance across all three Divisions.

  • Underlying sales growth excluding spreads 3.7% with volume 3.6% and price 0.1%
  • Emerging markets underlying sales growth 5.1% with volume 4.3% and price 0.8%
  • Share buy-back programme of up to €6 billion to start in May 2018
  • Quarterly dividend raised 8% to €0.3872 per share

Commenting on the results, CEO Paul Polman [pictured] says: “The first quarter demonstrates another good volume-driven performance across all three Divisions. The broad-based growth, including over 4% volume growth in emerging markets, shows that the ‘Connected 4 Growth’ programme is working and enhancing our long-term compounding growth model. We are further improving the quality and speed of our global and local innovation as a result of a more agile, consumer-facing organisation. At the same time, we are maintaining strong delivery from our savings programmes and expecting to complete the exit from spreads in the middle of the year." More...