Unilever hits a major financial milestone

 

This increases means that the company has exceeded 50 billion euros in annual turnover for the first time in its history, a feat that comes as a result of growth in emerging markets.

"Emerging markets again contributed double-digit growth helping us exceed 50 billion euros in turnover, an important milestone in our journey to double the size of Unilever from 40 to 80 billion euros whilst reducing our environmental impact," said chief executive Paul Polman.

For the full year, the company saw strongest sales growth in Asia and Africa, where growth came in at 10.6 percent, and in the US, where sales increased by 7.9 percent.

"The group's reputation for delivering consistent growth has today received a further boost," said Keith Bowman, an analyst at Hargreaves Lansdown. "A concentration on core brands, product innovation and a drive into the emerging markets are all playing their part."