Home Business News Marmite maker Unilever sees rising sales

Marmite maker Unilever sees rising sales

by LLB Reporter
18th Apr 19 10:41 am

Unilever the maker of Marmite has seen rising sales due to successful emerging markets in the first quarter however, Europe has remained slow.

They reported a 1.6% decline in their overall turnover to £10.74bn, on an underlying basis sales were up by 3.1%.

The decline in headline turnover is due to the company disposing of the spreads business in July last year.

The spread brands business was sold to KKR for £5.92bn, the brands included Flora and I Can’t Believe It’s Not Butter.

Unilever’s growth in their continued operations has remained solid and their emerging markets, underlying sales were up 5%.

Chief executive Alan Jope said, “We have delivered a solid start that keeps us on track for our full-year expectations. Growth was led by emerging markets and was balanced between volume and price.

“Accelerating growth is our number one priority. It requires both great execution and a continued strategic shift into faster growth segments and channels.

“We saw good performance in key growth channels, including out of home and e-commerce, and benefited from stronger global innovations and faster and more relevant local innovation.”

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