2010 FULL YEAR AND FOURTH QUARTER RESULTS - Sajtóközlemények

SAJTÓKÖZLEMÉNYEK | | 2010 FULL YEAR AND FOURTH QUARTER RESULTS

unilever | highlights | results | transformation progress

Unilever: 2010 FULL YEAR AND FOURTH QUARTER RESULTS

Külföld | 2011-02-07 |

STRONG YEAR AS TRANSFORMATION PROGRESSES

Full year highlights

Turnover up 11.1% at EUR 44.3 billion, with 7.3% due to currency.
Underlying volume growth 5.8%. Underlying sales growth 4.1% and underlying price growth (1.6)%; in-

quarter pricing flat for first nine months, positive in the fourth quarter.

Underlying operating margin up 20bps with increased investment in advertising and promotions up 30 bps,

funded by higher gross margins and lower indirects. Margin underpinned by savings of €1.4 billion.

Healthy free cash flow of EUR 3.4 billion reflecting continuing improvement in working capital.
Fully diluted earnings per share EUR 1.46 up 25%.

Fourth Quarter highlights

Underlying volume growth 5.1%. Underlying sales growth 5.1% with underlying price growth flat; positive

in-quarter pricing.

Underlying operating margin down 20bps. Lower gross margin, primarily due to increased commodity

costs. Reduced advertising and promotions spend, indirects higher due to phasing across the quarters.

A complete summary of material you can be found here: Unilever

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