LONDON — Unilever has began the yr on a high, with underlying sales up 10.5 percent to 14.8 billion euros in the primary fiscal quarter and a positive outlook for the yr ahead.
The maker of brands starting from Dove to Domestos said that sales rose 7 percent year-on-year within the three months to March 31, driven by a mixture of price and volume growth.
Inflation continues to drive up input costs and sticker prices, although Unilever said it expects to see the impact soften “significantly” because the yr progresses. The corporate shouldn't be expecting cost deflation, nonetheless.
For the total fiscal yr, Unilever is anticipating “strong, underlying sales growth” with an improved volume performance compared with last yr.
Growth will probably be “not...
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