Unilever has raised its profit target for the year on the back of strong results for its third quarter showing its five-year Path to Growth strategy is on track. Chairman Niall FitzGerald revised previous predictions for profit growth from "mid teens" to "high teens" as sales of Unilever's core brands, such as Flora, Dove and Lipton, grew 5.4%.
Western European food sales, other than ice cream, grew 4%. It reported sustained progress in sales of branded spreads and cooking products due to continuing innovation. European sales overall were 4% lower than last year, from £5.2bn to £5bn, due to disposals.
Global sales for Unilever in the third quarter fell 1% on the same period last year, from £13.3bn to E13.1bn. Sales for the nine-month period also fell 1%, from £39.1bn to £38.7bn. Pre-tax profit for the third quarter rose 33% to £1.3bn and by 19% to £3.7bn in the nine-month period.

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