Unilever sales grow while profits dip

7:47am
Household goods and healthcare conglomerate Unilever said underlying sales growth in the third quarter was 3.4%, with volume growth 3.6%. All regions and categories showed positive volumes. Q3 gross margin was up 290 bps.

Q3 turnover was down 2% at 10.201bn, with underlying sales growth of 3%.

Net profit in Q3 was 1,117bn, down 35%, while earnings per share fell 36% to 0.38.

The group's advertising and promotion spend increased by 130 bps, mainly additional advertising to support innovations and build brands. Overheads were up by 90 bps, mainly due to...

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