26 jul: Aktier/tendens: Regnskaber fra flere retninger tager fokus
26 jul: Auriga: Konkurrent ser lyst på andet halvår
26-07-2012 08:35:00

Unilever Warns of Worsening Economy as Profit Slips

Relateret indhold

By Simon Zekaria

LONDON--Unilever PLC (ULVR.LN) Thursday warned of a worsening global economy as the consumer goods giant posted a fall in first-half profit, even as a revenue rose on strong demand in emerging markets and price increases.

"Despite deteriorating global economic conditions and a competitive environment which remains intense, we again delivered volume growth ahead of our markets and gained value share across the majority of our business," said Chief Executive Paul Polman.

Sales of branded goods in Asia, Africa, Latin America, the Middle East and Eastern Europe are more than offsetting lower demand in Western Europe and North America, where government austerity measures, unemployment and inflationary pressures are squeezing consumer spending.

Unilever added Europe is beset by "sluggish economies and fragile consumer confidence."

Debt-laden Southern European economies, such as Spain, Greece and Italy remain a problem for the industry's big companies. Last month, French rival Danone SA (BN.FR) issued a profit warning and noted deteriorating consumer sentiment. And in April, U.S.-based market leader Procter & Gamble Co. (PG) warned its full-year profit and sales would be lower than previously expected.

Unilever, which expects continued volatility in commodity costs, also said its first-half operating margin was flat at 13.7% following increased promotional spend. Still, it noted it remains on track to deliver a modest improvement in the full-year operating margin.

The Anglo-Dutch maker of Ben & Jerry's ice cream and Bertolli olive oil spreads, as well as household products including Dove soap and Lynx bodyspray, said first-half net profit fell 2.7% to EUR2.18 billion, from EUR2.24 billion a year earlier.

Stripping out acquisitions, disposals and currency movements, second-quarter sales grew 5.8%, but slowed compared with a rise of 7.1% in the same period last year and an 8.4% increase in the previous three months. The metric is a closely watched measure of how the company's products are selling.

On the same basis, volumes rose 2.2%, compared with 1.9% growth last year and a 3.5% increase in the first quarter. Second-quarter pricing increased 3.5% as the company, like its peers, compensates for soft volumes and claws back commodity costs.

Unilever's total second-quarter sales rose to EUR13.3 billion from EUR11.93 billion, beating market forecasts of EUR13 billion.

It declared a quarterly dividend of EUR0.243 a share, up from EUR0.225.

Unilever shares closed Wednesday at 2140 pence, valuing the company at GBP27.47 billion.

Write to Simon Zekaria at simon.zekaria@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

July 26, 2012 02:35 ET (06:35 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Delårsrapport 2015 for Euroinvestor.com A/S

28-08-2015 12:51:53
Fondsbørsmeddelelse nr. 9. 2015 28. august 2015 Rekordresultat efter 1. halvår Euroinvestor.com A/S opnåede i 1. halvår 2015 en omsæt..

Novo/Leerink: Dækning indledes med "marketperform" og mål 374

28-08-2015 07:28:52
Novo Nordisk får opmærksomhed fra den amerikanske "health care"-investmentbank Leerink Partners, der indleder dækning af medicinalkoncernen med anbefalingen "ma..

Novo Nordisk køber to amerikanske virksomheder - NY

27-08-2015 15:13:31
Novo Nordisk udvider sin portefølje af projekter inden for diabetes og fedme med opkøbet af de to amerikanske forskningsvirksomheder Calibrium LLC og MB2 LLC.De..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge

Relaterede aktiekurser

Procter & Gamble Co 71,21 -0,4% Fald i aktiekurs
Unilever DR 35,80 0,5% Stigning i aktiekurs
Unilever N.V. 40,16 -0,6% Fald i aktiekurs
Unilever PLC Ord 3 1/9p 2.623,00 0,4% Stigning i aktiekurs
Danone 55,25 -0,2% Fald i aktiekurs
Unilever PLC 40,35 -0,6% Fald i aktiekurs
Procter Gamble 63,80 -1,1% Fald i aktiekurs
Danone 59,90 0,0% Aktiekurs uændret

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2015  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
29. august 2015 20:57:55
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20150824.1 - EUROWEB1 - 2015-08-29 20:57:55 - 2015-08-29 20:57:55 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x