Unilever "in good shape" on back of cleaning products
By Rob Freeman | 4th February 2021
Demand for cleaning products during the coronavirus pandemic was enough to edge Unilever to a net profit in 2020.
Sales of Lifebuoy hand sanitiser jumped 50 per cent and Domestos bleach by 25 per cent as the company, which has a factory in Gloucester, recorded underlying sales growth of 1.9 per cent last year.
Despite a drop in some food products, the end-of-year net profit rose by 0.8 per cent to 6.1 billion euro.
But turnover fell by 2.4 per cent to 50.7 billion euro whole operating profits were down 4.6 per cent to 8.3 billion euro.
Chief executive Alan Jope said performance through the pandemic demonstrated Unilever's resilience and agility.
He said: "Early in the year, we refocused the business on competitive growth, and the delivery of profit and cash as the best way to maximise value.
"We have delivered a step change in operational excellence through our focus on the fundamentals of growth.
"While volatility and unpredictability will continue throughout 2021, we begin the year in good shape and are confident in our ability to adapt to a rapidly changing environment."
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