Global group, Unilever has reported third quarter results with turnover increased by 9.4% to €13.4bn, and underlying sales growth of 5.7% with volume up by 4.1%.
Savoury demonstrated good volume-driven growth led by cooking products in emerging markets and by innovations around naturalness and health. The firm launched Knorr Mealmakers with 100% natural ingredients.
In dressings, Hellmann’s showed strong volume-led growth and the success of the squeezy packs in Europe and North America.
The Baking, Cooking & Spreads unit – in place since 1 July – is repositioning the business to more attractive segments which helped us to gain share in margarine but markets continued to decline.
Ice cream delivered very strong growth helped by better weather than last year. The group continued to drive margin-accretive innovations behind premium brands, such as Magnum Pink and Black and Ben & Jerry’s Cookie Core range in Europe and North America.
In leaf tea, Unilever is building its presence in faster growing segments. Lipton and PG
Tips extended further into fruit, herbal and speciality teas. The firm opened more T2 stores which it leveraged with online sales and in France it launched T.O., its first tea brewing machine.