(CercleFinance.com) – Unilever said on Thursday that it had achieved stronger organic growth than expected in the first quarter, thanks to both an increase in its prices and its sales volumes.
The consumer goods giant indicates that its organic growth amounted to 4.4% over the first three months of the year compared to an increase of 3% expected by financial analysts, according to a consensus provided by the company .
This figure includes volume growth of 2.2%, to which was added a favorable price effect, also of 2.2%.
‘While the impact of price increases should subside, we expect it to continue to make a positive contribution to results over the rest of the year,’ Deutsche Bank analysts reacted this morning.
In a press release, the group specifies that its performance was driven by demand for its main brands (‘power brands’) such as Dove, Knorr, Rexona and Sunsilk, whose internal growth stood at 6.1% on the quarter.
The growth of its beauty products business – which represents more than 20% of turnover – particularly stood out, with organic growth amounting to 7.4% over the first three months of the year.
The Anglo-Dutch group confirmed that it expects organic growth in its sales in a range of 3% to 5% over the whole year, accompanied by a moderate increase in its current operating margin.
On the London Stock Exchange, Unilever shares gained more than 4% early Thursday morning.
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