| By Marketwire . | Article Rating: |
|
| November 5, 2009 02:03 AM EST | Reads: |
203 |
LONDON and ROTTERDAM, THE NETHERLANDS -- (Marketwire) -- 11/05/09 --
2009 THIRD QUARTER AND NINE MONTHS RESULTS
CONTINUED GOOD PROGRESS IN VOLUME, MARGIN AND CASH FLOW
Third Quarter highlights
. Underlying sales growth 3.4%, with volume growth 3.6%. All
regions and categories showing positive volumes.
. Gross margin up 290 bps from efficiencies and lower costs.
. Advertising and promotion spend increased by 130 bps, mainly
additional advertising to support innovations and build
brands. Overheads up by 90 bps, mainly due to phasing, with full
year expected to be down.. Operating margin before RDIs up by 70 bps.
. Continued progress on strategic initiatives:
o Opening of new Research and Development centre in Shanghai.
o Announcement of agreement to acquire the personal care
business of Sara Lee.
o Disposal of plantations in the Congo and announced sale of
stake in JohnsonDiversey.
Nine Months Highlights
. Underlying sales growth 4.1%, with volumes up 1.4%. Turnover
lower by 0.7% after effects of currency movements (-1.7%) and
disposals/acquisitions (-3.0%).
. Operating margin before RDIs down by 10 bps (including 30 bps of
margin dilution from disposals).
. Operating profit in the first nine months of 2008 included
profits on disposals of EUR1,579 million pre-tax.
. Net cash flow from operating activities EUR1.6 billion ahead of
last year driven by improved working capital.
Paul Polman, Chief Executive Officer: "We have seen further good
progress across all regions and the majority of countries and
categories. Our market shares are responding to stronger innovations,
greater consumer value, increased marketing support and better
execution. Market conditions remain challenging and in this
environment we will continue to increase investment behind our
brands and build long-term capabilities in research and development.
We are on track towards our objective of restoring volume growth while
protecting margins and cash flow for the year as a whole."
To view the full text of this press release, paste the following link
into your web browser:
http://www.rns-pdf.londonstockexchange.com/rns/9958B_1-2009-11-4.pdf
This information is provided by RNS
The company news service from the London Stock Exchange
END
Contacts:
RNS
Customer
Services
0044-207797-4400
Email Contact
http://www.rns.com
Published November 5, 2009 Reads 203
Copyright © 2009 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
More Stories By Marketwire .
Copyright © 2009 Marketwire. All rights reserved. All the news releases provided by Market Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.
- Kindle 2 vs Nook
- Wave on Ulitzer: Confessions of a Google Wave Fanboy
- Confessions of a Ulitzer Addict
- Cloud Computing Best Practices
- IBM Hardware Chief, Intel VC Exec Arrested in Insider Trading Scam
- Tactical Cloud Computing Panel at 1st Annual GovIT Expo
- Ulitzer.com Named Exclusive "New Media" Sponsor of Cloud Computing Conference & Expo
- Infrastructure-as-a-Service Will Mature in 2010: Microsoft's David Chou
- GITEX TECHNOLOGY WEEK 2009 Exhibitor Profiles
- Windows 7 – Microsoft’s First Step to the Cloud
- Cloud Computing & Federal IT - What Does the Future Hold?
- Jill Tummler Singer, Deputy CIO of CIA, Keynotes at GovIT Expo
- Kindle 2 vs Nook
- Practical Approaches for Optimizing Website Performance
- The Difference Between Web Hosting and Cloud Computing
- Ajax in RichFaces 3.3, JSF 2 and RichFaces 4
- Contrary Opinion: Why Silverlight is Good for Adobe
- Wave on Ulitzer: Confessions of a Google Wave Fanboy
- Confessions of a Ulitzer Addict
- Cloud Computing Best Practices
- IBM Hardware Chief, Intel VC Exec Arrested in Insider Trading Scam
- Tactical Cloud Computing Panel at 1st Annual GovIT Expo
- Ulitzer.com Named Exclusive "New Media" Sponsor of Cloud Computing Conference & Expo
- WPF Controls by DevExpress
- Google Maps and ASP.NET
- Crystal Reports XI & How It Has Changed
- Converting VB6 to VB.NET, Part I
- Creating Controls for.NET Compact Framework in Visual Studio 2005
- Where Are RIA Technologies Headed in 2008?
- How to Write High-Performance C# Code
- AJAX World RIA Conference & Expo Kicks Off in New York City
- Implementing Tab Navigation with ASP.NET 2.0
- i-Technology Photo Exclusive: Bill Gates & Steve Jobs In "Nerds"
- .NET Archives: Getting Reacquainted with the Father of C#
- i-Technology Viewpoint: "SOA Sucks"
- Programmatically Posting Data to ASP .NET Web Applications
























