Marmite maker Unilever sees rising sales


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.”