TELETRADER News
2/10, 8:10 AM (Source: TeleTrader)
more TeleTrader news

Unilever's Q4 turnover up 8.4% to €13.1B

Unilever plc said on Thursday that its turnover in the fourth quarter of fiscal 2021 stood at €13.1 billion, increasing 8.4% compared to the same trimester in 2020.

For full fiscal 2021, turnover totaled €52.4 billion, rising 3.4% from the year before. Operating profit grew 4.8% to €8.7 billion and diluted earnings per share were 9.2% higher from 2020, reaching €2.32 in full 2021.

"We have engaged extensively with our shareholders in recent weeks and received a strong message that the evolution of our portfolio needs to be measured. We therefore do not intend to pursue major acquisitions in the foreseeable future and will conduct a share buyback programme of up to €3 billion over the next two years," CEO Alan Jope said in a statement.

Baha Breaking News (BBN) / MS