Unilever Second Quarter Underlying Sales Rise 5% Above Target

However, Unilever said its full-year operating margin forecast will be reduced due to surging commodity costs.

Unilever Plc on Thursday said its second-quarter and first-half results showed a strong performance with underlying sales growth.

However, it said its full-year operating margin forecast will be reduced due to surging commodity costs.

Its half-year sales came in 5.4 per cent higher, above the 4.3 per cent forecast and ahead of the group’s mid-term target of 3-5 per cent growth.

“Unilever has delivered a strong first half, with underlying sales growth of 5.4 per cent driven by our continued focus on operational excellence,” Chief Executive Officer Alan Jope said in a statement.

“The operating environment across our markets has seen some improvements but remains volatile,” the Unilever statement said.