Unilever has released its financial results for Q2 and first half 2017.
According to the company, in Q2 2017 its personal care division saw an increase of 2.2% underlying sales growth (USG) to reach €5.3 billion. In First half 2017 the division saw an increase of 2.6% USG to reach €10.5 billion.
The company explained that challenging markets in India, Brazil and Indonesia weighed on its overall growth rate, but "Dermalogica performed well and our recent acquisitions Dollar Shave Club and Living Proof, which will contribute to underlying sales growth from next quarter and next year respectively, continued to grow strongly."
CEO, Paul Polman, stated, “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."