Unilever sales propelled by emerging markets

Consumer giant Unilever this morning posted a 10.5 per cent jump in turnover, boosted by growth in emerging markets.

The Anglo-Dutch group said sales for the full year came in at €51.3bn (£43bn), in line with forecasts.

Emerging markets sales, which represent 55 per cent of turnover, soared 11.4 per cent, Unilever said.

“These results have been achieved in tough economic conditions, with volatile commodity costs and in an intensely competitive environment,” chief executive Paul Polman said this morning.

The company has benefited from its exposure to emerging markets, contrasting with its main household products rival Procter & Gamble, which is shedding jobs, and French yoghurt maker Danone, which may do the same as the European economic downturn weighs on its business.