Unilever Earnings Rise on Strong Sales, Weak Euro

Hugh Collins
Updated

Consumer goods company Unilever NV (UL) reported third quarter earnings of 0.43 euros per diluted share, up from 0.36 euros a year earlier.

Sales rose 13.2% to 11.5 billion euros ($16.4 billion), driven by a strong performance in emerging markets, the company said in a statement.

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Higher sales, lower costs and a weaker euro boosted earnings, Unilever said.

"We have delivered another quarter of solid progress driven by our emerging markets business which again reported high levels of volume growth," CEO Paul Polman said.

Unilever makes popular brands such as Ben & Jerry's ice cream and Dove soap.

Adjusted for the impact of the weaker euro, sales rose 3.1% and profits increased 11%.

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