Unilever Sales Gain 12.3% in Q1

WWD

LONDON — Unilever reported a 12.3 percent rise in its Q1 revenues to 12.8 billion euros, or $14.5 billion, with favorable exchange rates contributing to 10.6 percent of that gain.

Dollar figures have been calculated at average exchange rates for the period.

Stripping out the effects of exchange rates, sales in the quarter rose 2.8 percent, with a 5.4 percent uptick in emerging markets.

Paul Polman, chief executive officer of Unilever, described the results as “a good start” to the year “despite a continued challenging trading environment in many parts of the world.”

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While noting the ongoing “high levels of currency and commodity volatility,” Polman said the company is “now starting to see more tailwinds than headwinds in our markets, and expect our initiatives to deliver a further improvement in volume growth in the remainder of the year.”

In the quarter, personal care — which…

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