Summary Box: Raw materials costs hurt Unilever

AP News
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Posted: Feb 02, 2012 4:50 PM
Summary Box: Raw materials costs hurt Unilever

HIGH COSTS: Unilever PLC, the consumer-goods maker behind brands including Lipton tea, Dove soap and Ben & Jerry's ice cream, struggled in 2011 to pass on higher raw material costs to cash-strapped consumers.

THE RESULTS: For all of 2011, profit was flat at euro4.25 billion, or $5.6 billion, while revenue grew 5 percent to euro46.5 billion.

EMERGING MARKETS: The company, like many others, got a boost from emerging markets such as Africa and Asia, which now account for more of Unilever's sales than either the Americas or Western Europe.