Unilever beats forecasts as emerging markets rebound

Jan 21, 2014, 02.14 PM IST

The Anglo-Dutch maker of Ben & Jerry's ice cream, Lipton tea and Dove soap - which generates more than half its sales from developing and emerging markets - said core earnings were 1.58 euros per share, above analysts' average estimate of about 1.53 euros per share.

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Unilever beats forecasts as emerging markets rebound

The Anglo-Dutch maker of Ben & Jerry's ice cream, Lipton tea and Dove soap - which generates more than half its sales from developing and emerging markets - said core earnings were 1.58 euros per share, above analysts' average estimate of about 1.53 euros per share.

Like this story, share it with millions of investors on M3

Unilever beats forecasts as emerging markets rebound

The Anglo-Dutch maker of Ben & Jerry's ice cream, Lipton tea and Dove soap - which generates more than half its sales from developing and emerging markets - said core earnings were 1.58 euros per share, above analysts' average estimate of about 1.53 euros per share.

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Consumer goods maker Unilever reported better-than-expected 2013 results on Tuesday, with an improved performance in emerging markets after currency devaluations earlier last year hurt demand.

The Anglo-Dutch maker of Ben & Jerry's ice cream, Lipton tea and Dove soap - which generates more than half its sales from developing and emerging markets - said core earnings were 1.58 euros per share, above analysts' average estimate of about 1.53 euros per share.

Turnover for the full year fell 3 percent, hit by foreign exchange rates and divestments. But underlying sales rose 4.3 percent, slightly ahead of analysts' expectations for a 4.2 percent gain.

In the fourth quarter, underlying sales rose 4.1 percent, fueled by 8.4 percent growth in emerging markets. Chief Financial Officer Jean-Marc Huet cited contributions from equity stakes in other companies and a favorable tax rate in addition to growth.

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