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Unilever Releases Q2 and Half-Year 2017 Financial Results

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Unilever has released its financial results for Q2 and half-year 2017.

According to the company, it saw a turnover of €27.7 billion during the first-half of 2017. This represents a 5.5% increase over 2016 and a 3% underlying sales growth (USG). The company's turnover for the second quarter 2017 was €14.4 billion. This represents a 4.9% increase over 2016 and a 3% USG. 

Unilever's personal care segment saw a turnover of €10.5 billion and a 2.6% USG in the first-half of 2017. The segment saw a turnover of €5.3 billion and a 2.2% USG in second quarter 2017. 

CEO Paul Polman said, "Our first half results show continued growth well ahead of our markets and a substantial step-up in profitability despite the persisting volatile global trading environment. It once more shows the validity of Unilever’s long-term compounding growth model. Our change program ‘Connected 4 Growth’ (‘C4G’), which started in the autumn of 2016, is delivering ahead of plan."