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Unilever Q1

This article was originally published in The Rose Sheet

Executive Summary

Personal care sales in the first quarter increased 8% to $2.8 bil. at constant rates on strong performance of hair care, skin care and deodorants, which advanced 11% during the period, Unilever states in 1sales and earnings announcement May 2. Operating profit before exceptional items and amortization of goodwill and intangibles was up 1% to $548 mil., the company adds. North American personal care sales rose 5% on the strength of Dove hair care, Axe antiperspirants/deodorants, which is being expanded with new fragrances, VP-Investor Relations Howard Green reports. Prestige fragrances experienced flat performance in the quarter, with strong sales of Vera Wang and Crave scents offset by weakness in travel retail...
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