Newspaper article The Evening Standard (London, England)

Unilever Is Soaring amid an Emerging Markets Pick-Up

Newspaper article The Evening Standard (London, England)

Unilever Is Soaring amid an Emerging Markets Pick-Up

Article excerpt

Byline: Jim Armitage

REPORTS of the death of emerging markets appear to have been exaggerated at Unilever.

After battering global shares in consumer goods giants with a profit warning in October, the company behind Dove soaps and Lipton ice teas today said there had been a considerable pick-up in countries like India and China of late.

Emerging markets have become a major factor in the company's financial health, providing nearly 60% of Unilever's sales.

So news that revenues from such regions were up 8.4% in the fourth quarter of the year compared with the previous three months' disappointing 5.9% was greeted with a chunky rise in the share price, which jumped 85p, or nearly 4%, to 2522p.

"The good news is that a big proportion is just good volume growth we're selling more products," said chief finance officer Jean-Marc Huet. He said the improvement in regions like Latin America and South-east Asia had been particularly marked since September. …

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