Unilever powers ahead despite recession

Consumers may be tightening their belts but they still seem to be buying the gazillions of goods produced by Unilever, if the Anglo-Dutch firm's second quarter figures are anything to go by.

Consumers may be tightening their belts but they still seem to be buying the gazillions of goods produced by Unilever, if the Anglo-Dutch firm's second quarter figures are anything to go by.

Turnover in the three months to the end of June rose to €13.3bn from €11.9bn the year before, which equates to underlying sales growth (USG) of 5.8% year-on-year. Although most of this growth was down to price increases - underlying price growth was 3.5% - the group also saw a creditable 2.2% underlying increase in volumes.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.