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Profit for the year jumps 28%.
February 6, 2009
By: TOM BRANNA
Unilever has reaped the reward from its divestures during the past year, but going forward results may be somewhat more sobering. The company reported its fourth quarter profits rose 51% to $1.57 billion (at average exchange rates). For the year , profit rose 28% to $7.78 billion. Fourth quarter sales rose 3% to nearly $13.4 billion, and 1% to $59.6 billion for the full year. Sales of personal care products, which includes Dove, Sunsilk and Axe/Lynx, rose 6.6% to more than $16.7 billion, in 2008. But Paul Polman, Unilever’s CEO, warned: “Given the economic uncertainty I believe it would be inappropriate at this stage to provide an outlook specifically for 2009 or to reaffirm 2010 targets.”
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