It's been one of our most boring shares in the portfolio but continues to make us a great deal of money.
Today, the 24th of October 2024, Unilever has reported robust growth for the third quarter (Q3) of 2024. This was driven primarily by the strong performance of its core brands amidst stable overall turnover. Underlying sales for the quarter increased by 4.5% year-over-year, despite a flat total turnover, signaling resilience in the company’s operations and effective market execution. Notably, Unilever achieved a 3.6% growth in volume, reflecting strong demand across key product lines. Total sales for the first nine months of 2024 reached £12.7 billion, representing a 1.3% rise compared to the same period last year.
A standout performer was Unilever's ice cream division, which posted a remarkable 9.8% increase in underlying sales, supported by a 6.7% volume growth. This exceptional performance underscores the strength of consumer demand for brands such as Magnum and ...
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