Companies / United Kingdom
If you would like to subscribe to Western Europe Food and Drink Insight and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Western Europe Food and Drink Insight please click on the trial link below.
Unilever Announces Solid Results But Share Price Falls
February 2008 | Company Finance AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Western Europe Food and Drink Insight and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Western Europe Food and Drink Insight please click on the trial link below.
Anglo-Dutch consumer goods giant Unilever has announced solid results for the 2007 fiscal year with turnover rising by 5% year-on-year and operating margin inching up by 0.2 percentage points despite a rise in commodity costs. These results mark the culmination a streamlining strategy, which chief executive Patrick Cescau suggests has put the firm in a strong position to continue growing revenues in the coming financial year. However despite these positive results investors are not as convinced by the firm's prospects and the share price plunged following the results announcement.