Unilever moves to Quarterly Trading Statements in April 2011
Unilever announced today that it will change the way it reports its results.
As from the start of the 2011 financial year Unilever will release a quarterly trading statement for quarters 1 and 3 instead of publishing full financial results. Unilever will continue to host webcasts to present and discuss the trading statements.
The quarterly trading statements will provide details of Unilever’s sales performance in the quarter, with enhanced category disclosure and a full accompanying commentary.
Unilever is making this change to provide a better understanding of the top-line performance of the business, its divisions and brands on a quarterly basis, whilst ensuring that the discussion of the full financial results is focused on a more meaningful time period of six months. The intention is to enhance communication of performance and to move from a short to a longer term focus better reflecting the way Unilever manages the business.
This approach is currently adopted by many European peer companies and is compliant with the relevant regulations and laws. Unilever has consulted widely about this change and has received strong positive feedback from investors.
Unilever will continue to publish full financial results for the half-year and full year, also incorporating the enhanced category disclosure.
The first quarterly trading statement will be published for quarter 1 2011 on April 28th 2011. Further details can be found on www.unilever.com.
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