Restructuring pays off as profits rise at Unilever

Management and strategic restructuring at Anglo-Dutch consumer products conglomerate Unilever has paid off, as profits rose 7% and sales and 5% for the third quarter to September 30.

LONDON (Brand Republic) – Management and strategic restructuring at Anglo-Dutch consumer products conglomerate Unilever has paid off, as profits rose 7% and sales and 5% for the third quarter to September 30.

Turnover for the period was £10.98bn, bringing the nine-month total to £31.6bn. Sales were up 5% and pre-tax profits up 7% for the quarter.

Co-chairman Niall Fitzgerald said the acceleration of the company’s brand-culling strategy, dubbed “Path to Growth”, was bearing fruit in increased sales and profits.

“The realignment of the portfolio has continued. Management is now focused on successfully implementing the new divisional structure, another step forward to attaining out ‘Path to Growth’ aims,” he said.