By  on October 30, 2008

PARIS - Unilever said it expects to beat its forecast for long-term sales growth of 3 to 5 percent, and improve its underlying operating margins for the year.

Net profits for the consumer products giant jumped 60 percent in the third quarter to reach 1.71 billion euros, or $2.58 billion, thanks to business disposals.

Sales for the quarter rose 2 percent to 10.43 billion euros, or $15.71 billion, but were flat for the nine-month period at 30.37 billion euros, or $46.24 billion. Dollar figures are converted at average exchange rates for the respective periods.

"We have strengthened the business in a tough environment," Unilever’s group chief executive Patrick Cescau stated.

For full results, see Friday’s WWD.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus