UPDATE 4-Unilever recovery continues as beats forecasts

Thu Nov 5, 2009 10:22am GMT
 
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* Unilever says momentum to continue into Q4 and 2010

* Unilever Q3 sales volumes up 3.6 pct, consensus 2.8 pct

* Says well on track to restore volume growth

* Shares dip after strong run up to results

(Adds further analyst comment and detail, updates shares)

By David Jones

LONDON, Nov 5 (Reuters) - Consumer goods giant Unilever beat forecasts with a 3.6 percent rise in third-quarter underlying volume sales and pledged its turnaround under Chief Executive Paul Polman's will continue into the fourth quarter and 2010.

Polman's second successive quarter of volume growth came as he spends more on marketing and cuts selective prices to drive growth in the current downturn, and he is being helped by falling prices for commodities like edible oils and packaging.

Anglo-Dutch Unilever Plc/NV (ULVR.L)(UNc.AS), the world's third-biggest food and consumer goods group, said all regions and categories showed growth while it was on track to restore volume growth for 2009, without hitting margins or cash flow.  Continued...

 

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