Home Business News Unilever profits remain stable despite tough market

Unilever profits remain stable despite tough market

by LLB Editor
25th Jul 19 7:34 am

Unilever, the conglomerate behind Dove soap, Marmite and Ben & Jerry’s ice cream, has seen its operating profit hit €4.5bn in the first half of the year, little changed on a year earlier.

Chief executive Alan Jope said: “We have delivered consistent growth within our guided range for 2019, led by our emerging markets. Accelerating growth remains our top priority and we continue to evolve our portfolio and seek out fast growth channel and geographical opportunities, as well as address those performance hotspots where growth is falling short of our aspirations.

“For the full year, we continue to expect underlying sales growth to be in the lower half of our multi-year 3-5% range, an improvement in underlying operating margin that keeps us on track for the 2020 target and another year of strong free cash flow.”

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