Unilever announces results for the third quarter of 2020

Unilever recently announced its results for the third quarter of 2020. The strong performance – with underlying sales up 4.4% – reflects the resilience of our portfolio and our agility in responding to changing consumer and channel dynamics, said a press release.

The company informed, “Underlying sales growth of 4.4%, with 3.9% volume and 0.5% price; Emerging markets underlying sales growth 5.3% and developed markets 3.1%; Turnover decreased 2.4%, with a negative impact from currency of 7.7% and Quarterly shareholder dividend maintained at €0.4104 per share.

Commenting on the results, CEO Alan Jope says: “We have delivered a strong performance this quarter. Volume-led growth shows the resilience of our portfolio and our agility in responding to rapidly changing dynamics across consumer segments, geographies and channels.

“We continue to progress our strategic change agenda. Our proposals to simplify Unilever’s dual-headed legal structure have received strong support from both NV and PLC shareholders, and we have set out our Clean Future strategy in Home Care, to eliminate fossil fuel derived carbon from our cleaning products by 2030.

“The environment we are operating in will remain unpredictable in the near term, so we will continue to maintain the speed and agility of our response. Our focus remains volume-led competitive growth, delivering absolute profit and free cash flow.”

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