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onsumer items big Unilever has reported an increase in gross sales for the previous quarter because it was boosted by worth hikes.
Nonetheless, the Marmite and Ben & Jerry’s producer additionally warned it has seen “strongly elevated” ranges of price inflation and expects this to proceed into subsequent 12 months.
Alan Jope, chief govt officer of the corporate, however held agency on the group’s revenue steering regardless of rising prices.
He added: “We now have and can proceed to reply throughout our classes and markets, taking acceptable pricing motion and implementing a variety of productiveness measures to offset elevated prices.
“We proceed to count on that we’ll ship according to our margin steering of round flat for the total 12 months.”
It got here as the corporate, which additionally makes manufacturers together with Dove cleaning soap and PG Suggestions, reported a 2.5% improve in underlying gross sales for the third quarter of 2021 because it was boosted by “good development” within the US, China and India.
Unilever stated its gross sales volumes had been 1.5% decrease for the three-month interval however noticed development on the again of a 4.1% improve in pricing.
It stated it has taken motion on pricing to offset the influence of dearer commodities, in addition to different price rises similar to logistics.
Graeme Pitkethly chief finance officer of the group, stated the enterprise has seen “logistics challenges” in Europe.
“Within the UK and Eire we have now had many challenges to handle and there was loads of work in planning,” he stated.
“We’ve have needed to work exhausting with logistics to make sure provide and on-shelf availability of merchandise, the place we have now seen enchancment.”
He stated freight prices within the UK and elsewhere in Europe have additionally been on the rise.
Unilever stated its UK working noticed “low single-digit” decline towards sturdy figures for a similar interval final 12 months.
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