Unilever, the maker of the Dove and Sunsilk brands, has said it recorded a decline of 36% for its 2004 pre-tax profit to E2.9bn.
In its full-year results the company said its turnover fell by 2% to E42bn, while operating profit dropped by 6% to E6.4bn, largely due to a decline in consumer interest in the Slim-Fast diet plan.
A charge of E650m was taken in the fourth quarter for the impairment of goodwill for Slim-Fast, but the company says the turnaround plan is being executed well.
The company also confirmed that its dual management structure would be scrapped in favour of a single UK chief executive officer and non-executive chairman.
Of its plans for the future, the current chairmen, Antony Burgmans and Patrick Cescau, said: “They are based on innovation, better portfolio management of brands to drive categories and winning with customers by further improving the way we go to market.”
In its full-year results the company said its turnover fell by 2% to E42bn, while operating profit dropped by 6% to E6.4bn, largely due to a decline in consumer interest in the Slim-Fast diet plan.
A charge of E650m was taken in the fourth quarter for the impairment of goodwill for Slim-Fast, but the company says the turnaround plan is being executed well.
The company also confirmed that its dual management structure would be scrapped in favour of a single UK chief executive officer and non-executive chairman.
Of its plans for the future, the current chairmen, Antony Burgmans and Patrick Cescau, said: “They are based on innovation, better portfolio management of brands to drive categories and winning with customers by further improving the way we go to market.”
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