In an uncertain economic climate, Unilever posted higher-than-expected sales growth in the third quarter. The multinational is now aiming for an IPO in the fourth quarter for its ice cream division.
Power brands perform strongly
Unilever’s sales grew by 3.9% to €14.7 billion in the third quarter. Of this increase, 1.7% was attributable to volume growth and 2.4% to price increases. The group’s so-called “power brands” or strongest brands achieved sales growth of 4.4% and volume growth of 2.2%. The beauty and wellness products division grew by 5.1%. It is mainly this division that drove the 5.5% sales growth in North America.
