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Unilever Says Sales Declined in 2013

March 7, 2014: 12:00 AM EST
Unilever reported turnover declined 3 percent to €49.8 billion in 2013, compared with the previous year. Impact of foreign exchange on the company’s revenue performance was a negative 5.9 percent, Unilever said, while net acquisitions and disposals also had a negative 1.1 percent effect. Underlying sales grew 4.3 percent during the period, while gross margin rose 1.1 percentage points due to improved mix, margin accretive innovations, and savings, the company added. Also, the company said emerging markets now account for 57 percent of the company’s business, with underlying sales growing 8.7 percent. Underlying sales in developed markets, however, had a negative growth rate of 1.3 percent, with Europe dropping 1.1 percent and North America by 1.5 percent.
"Unilever Annual report & accounts 2013", Unilever, March 07, 2014, © Unilever
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