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Unilever (LSE: ULVR) 1Q17 Trading Update: Strong Start Driven by Emerging Markets, Ice Cream and Care Products

Executive Summary

  • Unilever reported 1Q17 sales of €13,319 million, ahead of the consensus estimate of €13,239 million and up 6.1% from 1Q16. The underlying sales growth was 2.9%, ahead of the consensus estimate of 1.2%.
  • Among the regions, Asia/AMET/RUB performed the best, posting 6.9% sales growth, while the Americas posted 1.2% growth and Europe declined by 2.0%, all on an underlying basis.
  • In terms of product segments, home and personal care shined with 3.4% sales growth, while foods and refreshments grew by 2.2%, on an underlying basis.
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