LONDON — Fourth-quarter profits at Unilever — manufacturer of brands including Dove, Vaseline and TiGi — rose 15 percent to 1.04 billion euros, or $1.41 billion, in the fourth quarter, despite declining consumer confidence in many markets and rising raw material costs.
Revenues increased 12 percent to 10.82 billion, or $14.72 billion, in the three months to Dec. 31, fueled by growth in emerging markets such as China, India, Brazil and Mexico.
Dollar figures have been calculated at average exchange rates for the periods in question.
“We gained volume share in all regions driven by stronger innovations, significant increases in marketing investment, and the extension of our brands into new territories,” stated Paul Polman, chief executive of the global food-to-detergents group. “At the same time we delivered margin improvement through a strong savings program…and volume efficiencies.”
In the 2010 fiscal year, profits rose 26 percent to 4.6 billion euros, or $6.11 billion, while revenues rose 11.1 percent to 44.26 billion euros, or $58.77 billion.