Daily Management Review

Unilever's net profit falls by 38.4% in 2019


According to the results of 2019, the international producer of consumer goods Unilever reduced its net profit by 38.4% in annual terms to €6.026 billion, the company said.

Diluted earnings per share amounted to €2.14 compared to €3.48 in the previous year. The company's sales for the year increased by 2% - up to €51.98 billion. Major sales rose 2.9% over the year.

Unilever sales revenue for the fourth quarter was € 12.6 billion, up 4% from a year ago. At the same time, the main sales grew by 1.5%. In emerging markets, core sales for the quarter increased by 2.8% to €7.5 billion, in developed ones, they decreased by 0.6% to €5.1 billion.

The main sales of Foods & Refreshment increased in the fourth quarter by 1.4% to € 4.3 billion, Beauty & Personal Care - by 0.5%, to €5.6 billion, Home Care - by 3.7%, to €2.7 billion.

Unilever was founded in 1930 as a result of the merger of Dutch Margarine Uni and British Lever Brothers. Currently, the company’s portfolio includes approximately 400 brands represented in the markets of 170 countries. Among them are Lux, Sunsilk, Timotei, Denim, Dove, Rexona, Domestos, Knorr, Lipton, Brooke Bond. About 26 thousand employees work at 264 Unilever production facilities in hundreds of countries around the world. 

source: bloomberg.com