by Richa Naidu
LONDON, Feb 8 (Reuters) – Unilever reported 5% growth in underlying sales in the fourth quarter on Thursday, driven by an increase in volumes for the first time in 10 quarters.
The British FMCG giant said it expected a “modest improvement” in underlying operating margin for the full year and that underlying sales growth would be within its range. multi-year from 3% to 5%.
In the fourth quarter, underlying volumes increased by 1.8%, the first increase observed since the second quarter of 2021 thanks to a slowdown in price increases.
Underlying price growth for the fourth quarter was 2.8%, lower than analysts’ forecasts. (Reporting Richa Naidu; French version Nathan Vifflin, edited by Blandine Hénault)
©2024 Thomson Reuters, all rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. “Reuters” and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.