Anglo-Dutch consumer goods giant Unilever has posted solid growth in its first quarter results, driven by emerging markets which helped to offset sluggish results in developed markets. The company saw underlying sales growth of 4.9% in the quarter, with emerging markets up 10.4%. Total turnover increased 0.2% to €12.2bn, while its quarterly dividend climbed 10.7% to €0.2690.
Commenting on the results, CEO Paul Polman said: “This performance is further evidence that Unilever is becoming fit to win and capable of delivering consistent growth ahead of our markets. Our strategy is working.”
Within personal care, growth in hair care was driven by Dove and the successful launch of the Damage Therapy range, along with Tresemmé, which recently expanded into India and Indonesia, as well as the launch of the Nexxus Youth Renewal range in the US.
Dove also contributed to the growth of the brand’s skin care portfolio, led by the launch of Dove Men+Care in Europe and North America. Meanwhile, Vaseline, Pond’s and the new Axe male face care line also helped lift growth in the US.Finally, deodorants saw a strong start to the year led by the global launch of Axe Apollo which was supported by both traditional and digital media in 60 countries.