Edition:
United Kingdom

Unilever CEO Polman comments from final investor presentation


Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - Unilever PLC ::UNILEVER CEO SAYS COMPANY IS RUNNING AHEAD OF COST-SAVINGS TARGETS IT HAS SET ITSELF.UNILEVER CEO SAYS COULD IMAGINE THAT IN NEXT 4,5 YEARS, SOME 30 PERCENT OR MORE OF MANUFACTURING COULD BE DONE BY THIRD PARTIES.UNILEVER CEO SAYS COMPANY IS RUNNING BELOW EXPECTATIONS ON RESTRUCTURING SPENDING.UNILEVER CEO SAYS CAN'T BE BLIND AND ONLY FOCUS ON COST-SAVINGS, BUT 2020 TARGET IS REASONABLE THING TO GO AFTER.UNILEVER CEO SAYS UNIFICATION OF STRUCTURE IS NOT "LIFE OR DEATH" OVER NEXT FEW YEARS, SO CAN TAKE TIME TO MAKE RIGHT DECISION.UNILEVER CEO SAYS MUST BE CAREFUL ABOUT BIG ACQUISITIONS, BUT THERE ARE SOME OUT THERE THAT COULD MERIT LOOKING AT IF THEY BECAME AVAILABLE.UNILEVER CEO SAYS EVEN THOUGH PRICING COMING UP A BIT, IT'S NEVER GOING TO BE WHAT IT WAS SEVERAL YEARS AGO, DUE TO LOW PRICE ENVIRONMENT.UNILEVER EXEC SAYS "OUT OF HOME" FOOD MARKET IS GROWING TWICE AS FAST AS REST OF PACKAGED FOOD.