Unilever profit up 35% as heat spurs tea, ice-cream sales
Sales rose 3.3% to €10.3 billion. Warmer weather combined with the soccer World Cup, played for four weeks through July 9, to stoke sales Magnum ice-cream bars and bottled Lipton iced teas. Unilever has been struggling to catch competitors including Nestle SA and Reckitt Benckiser Plc, which have been quicker to meet changing consumer tastes. "The first-half year results give me confidence that we have largely succeeded in restoring competitiveness," CEO Patrick Cescau said in the statement. "I am also particularly encouraged by the resumption of growth in Europe." (Bloomberg)
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