Unilever 2001 Annual Report Download - page 25

2000 results compared with 1999
million million million %
2000 at
2000 at constant 1999 Change at
current 1999 at 1999 constant
rates rates rates rates
Total turnover 7 823 7 193 6 769 6%
Total operating profit BEIA 678 636 632 1%
Exceptional items (260) (244) (50)
Amortisation of goodwill
and intangibles (20) (17) (8)
Total operating profit 398 375 574 (35)%
Total operating margin 5.1% 5.2% 8.5%
Total operating margin BEIA 8.7% 8.8% 9.3%
Ice cream
In ice cream, our acquisition of Ben & Jerry’s further
strengthened our leadership position, giving us a presence
in the super premium sector for the first time. We plan to
make the brand an element of our worldwide portfolio,
while still retaining its unique personality and appeal.
Excluding acquisitions, overall ice cream volumes were in
line with 1999. We enjoyed a particularly good performance
in North America and achieved strong growth in the
recovering markets of East Asia Pacific. However, volumes
in Europe were down due to low impulse sales.
In response to rising out-of-home demand for scooped
and soft ice cream, we successfully extended our Carte
d’Or dessert range. In particular, Carte d’Or Artisanal, a
range of indulgent ice cream recipes based on artisanal
parlours and traditional desserts, achieved excellent results
in Europe. In the US, sales of Breyers packaged ice cream
increased by over 10%, driven by the innovation of the
Breyers Parlor range.
Beverages
Our focus on our leading brands, Lipton and Brooke Bond,
helped tea sales increase by 4%. In Europe, volumes grew
but operating margin fell due to increased marketing
investment and a rise in raw material costs.
‘Paint the World Yellow’ – the Lipton marketing campaign
which has seen us brand everything from windsurfing
boards to Chevrolets – continued to raise brand awareness
around the globe. Both hot and cold Lipton Yellow brands
recorded good growth, particularly in Portugal, France,
Arabia, Egypt and Poland. Geographic expansion of Lipton
ready-to-drink (RTD) iced tea continued, with launches in
Egypt, South Africa and Eastern Europe.
In October, we reached a major distribution agreement with
Japanese drinks manufacturer Suntory. This will strengthen
the position of Lipton RTD across Japan, particularly via the
thriving vending machine channel.
In North America, Lipton Cold Brew, our patent-protected
cold infusion teabags was successfully rolled out. We also
launched Lipton brewed iced tea vending machines. Lipton
Tchaégreen tea continued its expansion in North America
and Europe.
Culinary and frozen foods
2001 results compared with 2000 at
current exchange rates
€million million %
2001 2000 Change
Total turnover 12 245 8 454 45%
Total operating profit 1 011 422 140%
Group turnover 11 875 8 367 42%
Group operating profit 990 410 141%
2001 results compared with 2000 at
constant 2000 exchange rates
€million million %
2001 2000 Change
Total turnover 12 371 8 424 47%
Total operating profit BEIA 1 940 1 064 82%
Exceptional items 291 (322)
Amortisation of goodwill
and intangibles (1 233) (326)
Total operating profit 998 416 140%
Total operating margin 8.1% 4.9%
Total operating margin BEIA 15.7% 12.6%
Unilever Annual Report & Accounts and Form 20-F 2001
OPERATING REVIEW BY CATEGORY – FOODS >22
Total operating
profit BEIA  million
Total turnover
 million
At current exchange rates
Total operating
profit  million
6 428
8 454
12 245
663
1 078
1 936
542
422
1 011
99 00 01 99 00 01 99 00 01