Emerging markets lift Unilever sales

26th April 2012, Comments 1 comment

The Dutch food and cosmetics giant Unilever said Thursday that its first quarter sales soared 11.9 percent to 12.14 billion euros ($16 billion), lifted mostly by emerging market demand.

"Emerging markets, now 56 percent of the business, have again delivered strong growth," said chief executive Paul Polman in a statement.

Sales in those markets grew by 11.9 percent, while developed ones posted an expansion of 4.2 percent.

Polman warned that the "external macro-economic environment remains difficult and higher input cost headwinds persist," but the group said it was maintaining its targets of an improved profit margin for 2012.


© 2012 AFP

1 Comment To This Article

  • Patrick posted:

    on 26th April 2012, 12:39:11 - Reply

    Polman warned that the "external macro-economic environment remains difficult and higher input cost headwinds persist," but the group said it was maintaining its targets of an improved profit margin for 2012.

    This is doublespeak for more layoffs coming in Europe... Where will those jobs go? "Emerging Markets", which is doublespeak for cheap exploitable labor...

    Never mind Occupy. It's time for Overthrow.